After the strong rising trend of the American Dollar opposite to the Yen initiated on March 17 (Thanks to the support of the G - 7) and that reach on April 6 when the Dollar Imark his highest level in what goes of the year in 85.515, the Green Currency initiate a trend to the fall that I take to this couple at the level of 82.184 to the beginning of this week.
The interesting thing is that yesterday (April 19, 2011), the couple USD / JPY form a Doji Candle type almost perfect, since it is possible to observe in the attached graph.
The Candles Doji, when they appear after a clear trend (to the rise or to the fall), they are warning of a Reversal in the trend, which this one happening today.
On the other hand, if we plan Fibonaci's setbacks (from 85.515 to 82.184), we find that the American Dollar at the final part of the session of the Asian trading exceeding the level of 23.6 % and it quotes lightly above of 83 Yens for Dollar.
Therefore, if the forecast based on the Candle Doji is fulfilled, we will see to the American Dollar to be negotiated overhead of 83 Yens and with the possibility that it manages to recognize the levels of 84 and 85 Yens in the next sessions of this week.
