Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.

Visit Advisor Weblog

Majors levels

Posted on July 24, 2008

The Usd/Jpy is not saying much at the moment, as the pair remains moving sideways in a thigh range, although the daily bullish trend continues clear. The pair has toped twice at 107.97, so above that point the pair could gain some upside momentum to the zone around 108.20 and finally 108.59 this year s maximum. Seems unlikely a break trough that point today. Supports, from here will be at 107.45, followed by 107.10 and finally the zone around 106.80. The Usd/Chf seems ready for a bearish correction right now, after reaching a daily high at 1.0403; first support will be around 1.0350, f...

Original article link


cad