Minggu, 06 April 2014

USD/JPY Intraday: under pressure.



Title: USD/JPY Intraday: under pressure.
Summary: Short positions below 104.1 with targets @ 102.95 & 102.7 in extension.
Story: Pivot: 104.1

Our preference: Short positions below 104.1 with targets @ 102.95 & 102.7 in extension.

Alternative scenario: Above 104.1 look for further upside with 104.45 & 104.85 as targets.

Comment: Technically the RSI is below its neutrality area at 50.

Supports and resistances:
104.85
104.45
104.1
103.275 Last
102.95
102.7
102.45

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