Japanese Yen: Under Pressure
By Trading Central on June 30, 2009 | More Posts By Trading Central | Author's Website
Update on supports and resistances.
| Resistance3: | 104 |
| Resistance2: | 102.5 |
| Resistance1: | 99.65 |
| Last: | 96.36 |
| Pivot: | 99.65 |
| Support1: | 93.6 |
| Support2: | 91.6 |
| Support3: | 87.5 |
Our preference: Short positions below 99.65 with targets @ 93.6 & 91.6 in extension.
Alternative scenario: Above 99.65 look for further upside with 102.5 & 104 as targets.
Comment: the pair is challenging its bearish channel upper boundary.
104
102.5
99.65
96.36 (last)
93.6
91.6
87.5
*USD/JPY Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the JAPANESE YEN. For details go to www.ise.com
If you like this article please...
Leave A Comment :
Recent Market Opinions:
Month To Date Market Review
Stock Picks For Monday: Citigroup, JDS Uniphase And General Electric
US Unemployment Rate Troubling, But …
S&P 500: Market Is Strong, But Correction Should Continue
Doctor Up Your Portfolio With This Medical Communications Company
Recent News:
Macedonia’s Jan.-Sept. Trade Deficit At US$1.61 Bln - 1 day ago
Natural Gas Prices Extend Two-Month Low - 1 day ago
Stocks Finish Modestly Higher Despite Weak Jobs Report - U.S. Commentary - 1 day ago
Treasury Economist: Unemployment Numbers Disappointing But Not Unexpected - 2 days ago
Consumer Credit Fell By $14.8 Bln In September - 2 days ago
Opinions From Our Contributors


