Rabu, 26 Maret 2014

USD/JPY Intraday: under pressure.




Title: USD/JPY Intraday: under pressure.
Summary: Short positions below 102.45 with targets @ 101.75 & 101.45 in extension.
Story: Pivot: 102.45

Our preference: Short positions below 102.45 with targets @ 101.75 & 101.45 in extension.

Alternative scenario: Above 102.45 look for further upside with 102.65 & 102.85 as targets.

Comment: technically the RSI is below its neutrality area at 50. The pair is challenging a support at 101.75.

Supports and resistances:
102.85
102.65
102.45
101.91 Last
101.75
101.45
101.2

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