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Tuesday, April 17, 2007

USD/JPY: New Bullish Trend Signal Established

The move up on USD/JPY yesterday to 119.87 highs has seen a new bullish trend intensity signal emerged with the indicator rising one notch to 11. The EUR/JPY trend signal remains strongly bullish, rising two notches to 23.

The EUR/USD trend signal is bullish, rising to 24 with the GBP/USD trend signal bullish, rising a notch to 20. The USD/CHF trend signal is neutral at trend-ready levels of 10 while the EUR/GBP trend signal is neutral at 15. These proprietary indicators are updated each trading day after the NY close.

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