fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for JPY  Mon Jan 20, 2014 2:18 pm | |
|  Technical Analysis for JPY USDJPY moved lower on Friday, and starts the week under pressure retesting 103.85 support area, which if broken may signal further downside towards 102.85. Overall, the sideways bias is expected to dominate this week , among the potential symmetrical triangle shown on chart. Accordingly, we expected sideways movement this week. Support: 103.85, 103.55, 103.25, 103.00, 102.70 Resistance: 104.20, 104.50, 104.85, 105.10, 105.25 | |
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