Selasa, 08 April 2014

USD/JPY Intraday: key resistance at 102.3.

Title: USD/JPY Intraday: key resistance at 102.3.
Summary: Short positions below 102.3 with targets @ 101.45 & 101.2 in extension.
Story: Pivot: 102.3

Our preference: Short positions below 102.3 with targets @ 101.45 & 101.2 in extension.

Alternative scenario: Above 102.3 look for further upside with 102.65 & 103 as targets.

Comment: The upward potential is likely to be limited by the resistance at 102.3.

Supports and resistances:
103
102.65
102.3
101.89 Last
101.45
101.2
100.8

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