Melbourne Qindex 03:22 GMT February 29, 2008USD/JPY : Heading...

Melbourne Qindex 03:22 GMT February 29, 2008
USD/JPY : Heading Towards 103.63

Monthly Cycle Pivot Center : 103.63 - 104.55 - 106.33
Normal Lower Limits : 95.96 - 96.08 - 98.58
Normal Upper Limits - 110.53 - 111.29 - 116.57

Weekly Cycle Pivot Center : (105.61) - (106.38) - (106.43)
Normal Lower Limits : 99.93 - 100.11 - 101.78
Normal Upper Limits : 111.07 - 111.28 - 112.65

Directional Indicator :[100.49] - [103.40] - 103.63 - 104.55 - (105.61) - 105.93* - 106.33 - (106.38)- 106.40* - (106.43) - 110.63* - [112.04]

Remarks : [100.49], 103.63 and 105.93* are significant supporting levels. Once the market downward trending momentum is strong enough to penetrate through (105.61) , the next targeting point is 103.63.


Weekly Cycle Reference (106.92) : 99.46* - 100.23 - 101.01* ... 101.78 - 102.56* - 103.33 - 103.72 // 104.10* - 104.49 - 104.88 - 105.27 - 105.65* - 106.04 - [106.43] - 106.81 - 107.20* - 107.50 - 107.98 - 108.36 - 108.75* // 109.14 - 109.52 - 110.30* - 111.07 ...

Weekly Cycle Congested Area : (98.46 - 101.12 - 103.77 - 106.43 - 109.08 - 111.74 - 114.39)

Remarks : The congested area of the weekly cycle indicates that 106.43 is a critical point and anything below 106.43 is negative. The downward trending momentum of the market is strong enough to penetrate through 105.65* and it has potential to tackle the lower barrier at 103.72 // 104.10*.. The weekly cycle normal lower limits at 99.93 - 100.11 - 101.78 would serve as short term supporting range.


USD/JPY : Monthly Cycle Charts
http://www.qindex.com/yen.html
Albert Cheung (Ph. D.)