Jumat, 04 April 2014

USD/JPY Intraday: the upside prevails.



Title: USD/JPY Intraday: the upside prevails.
Summary: Long positions above 103.7 with targets @ 104.1 & 104.45 in extension.
Story: Pivot: 103.7

Our preference: Long positions above 103.7 with targets @ 104.1 & 104.45 in extension.

Alternative scenario: Below 103.7 look for further downside with 103.4 & 102.95 as targets.

Comment: A support base at 103.7 has formed and has allowed for a temporary stabilisation.

Supports and resistances:
104.85
104.45
104.1
103.862 Last
103.7
103.4
102.95

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