Selasa, 18 Maret 2014

USD/JPY Intraday: the downside prevails.

Title: USD/JPY Intraday: the downside prevails.
Summary: Short positions below 101.9 with targets @ 101.15 & 100.65 in extension.
Story: Pivot: 101.9

Our preference: Short positions below 101.9 with targets @ 101.15 & 100.65 in extension.

Alternative scenario: Above 101.9 look for further upside with 102.4 & 102.8 as targets.

Comment: as long as the resistance at 101.9 is not surpassed, the risk of the break below 101.15 remains high.

Supports and resistances:
102.8
102.4
101.9
101.325 Last
101.15
100.65
100.25

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