Rabu, 19 Maret 2014

USD/JPY Intraday: continuation of the rebound.

Title: USD/JPY Intraday: continuation of the rebound.
Summary: Long positions above 101.75 with targets @ 103.15 & 103.4 in extension.
Story: Pivot: 101.75

Our preference: Long positions above 101.75 with targets @ 103.15 & 103.4 in extension.

Alternative scenario: Below 101.75 look for further downside with 101.2 & 100.65 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Supports and resistances:
103.75
103.4
103.15
102.415 Last
101.75
101.2
100.65

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