Jumat, 28 Maret 2014

USD/JPY Intraday: continuation of the rebound






Title: USD/JPY Intraday: continuation of the rebound.
Summary: Long positions above 102.4 with targets @ 103.1 & 103.35 in extension.
Story: Pivot: 102.4

Our preference: Long positions above 102.4 with targets @ 103.1 & 103.35 in extension.

Alternative scenario: Below 102.4 look for further downside with 101.95 & 101.75 as targets.

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

Supports and resistances:
103.75
103.35
103.1
102.845 Last
102.4
101.95
101.75

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