Senin, 07 April 2014

USD/JPY Intraday: under pressure.



Title: USD/JPY Intraday: under pressure.
Summary: Short positions below 103.45 with targets @ 102.95 & 102.7 in extension.
Story: Pivot: 103.45

Our preference: Short positions below 103.45 with targets @ 102.95 & 102.7 in extension.

Alternative scenario: Above 103.45 look for further upside with 103.7 & 104.1 as targets.

Comment: The pair is rebounding but stands below its resistance.

Supports and resistances:
104.1
103.7
103.45
103.205 Last
102.95
102.7
102.45

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