fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for JPY  Thu Feb 06, 2014 10:57 am | |
|  Technical Analysis for JPY USDJPY fluctuated yesterday, but remains below the recent key intraday resistance at 101.75, and that keeps the bearish scenario intact. We continue to expect further downside so long as the 101.75 is resistance, targeting 101.00,100.60 and the 200-days SMA. Alternatively, we will look for a bullish rebound on a break above that resistance. Support: 101.20, 101.00, 100.60, 100.25, 100.00 Resistance: 101.50, 101.75, 102.15, 102.50, 102.85 Recommendation Short below 101.50, targets at 101.00 and 100.60. Stop loss above 102.00 | |
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