Minggu, 23 Maret 2014

USD/JPY Intraday: further upside.

Title: USD/JPY Intraday: further upside.
Summary: Long positions above 101.75 with targets @ 102.85 & 103.15 in extension.
Story: Pivot: 101.75

Our preference: Long positions above 101.75 with targets @ 102.85 & 103.15 in extension.

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

Comment: the RSI is bullish and calls for further upside. The pair has validated a Bullish Flag pattern and should post further upside.

Supports and resistances:
103.4
103.15
102.85
102.51 Last
101.75
101.2
100.65

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