Trading Central

Japanese Yen: Under Pressure

By Trading Central on July 2, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:104
Resistance2:102.5
Resistance1:99.65
Last:95.99
Pivot:99.65
Support1:93.6
Support2:91.6
Support3:87.5
Pivot: 99.65

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 has struck against its bearish channel upper boundary and should reach its next support as the RSI is turning down.

104
102.5
99.65
95.99 (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...
Subscribe by RSS Subscribe by Email Email This Post To A Friend Email This Post To A Friend

Leave A Comment :

Name (required)
E-mail (required - never shown publicly)
URI
Subscribe to comments via email
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.



HEADLINES
UPCOMING EVENTS
In 26 mins: USD API U.S. Crude Oil Inventories (FEB 5)
In 26 mins: USD API U.S. Gasoline Inventories (FEB 5)
In 41 mins: NZD NZ Card Spending (MoM) (JAN)
In 56 mins: USD ABC Consumer Confidence (FEB 7)
In 2 hrs: AUD Westpac Consumer Confidence (FEB)
Enter Your Email Address
Theme By: WordPress Theme Shop