Thursday, February 28, 2008

Forex News & System

Hi Traders

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The Japanese Yen (JPY)- rallied against the dollar on further weak economic outlooks. The USDJPY traded at a near month low of 105.96 and a high of 107.39 before closing the day 106.44 on the New York session.
USD/CHF-After the pair breached the strong key level of 1.0750, and validated the bearish move with a full bar beneath the breach level, it appears that the momentum is stronger than ever. Both the daily and the hourly studies are very bearish and a target price of 1.580 appears to be quite possible. ..

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Regards
Forex.DelijaWorld.com

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