This is USDJPY daily chart. A Rising Wedge /Ending diagonal formation(A Reversal Pattern which is usually witnesses after a long bull run.) is witnessed on USDJPY daily chart . A break with volume below 100.80 may take it to 100 level a minor support zone for it . Below 100 mark watch real panic up to 97-96 level & there after 92 level. Currently it is trading at 101.06 .
Thursday, May 30, 2013
Friday, May 24, 2013
NIfty Weekly Chart 24.05.2013
An engulfing Candle ,Class example of negative divergence in RSI (as highlighted) indicating a bear market is about to start in coming weeks which may test 5480 as initial tgt n a lower trend line (red color) taking support from 2008 low to recent swing low of 5480 in 2013, as its first support zone , break below this level may start next leg of downside.............
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