fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for JPY Tue Jan 21, 2014 1:30 pm | |
| Technical Analysis for JPY USDJPY bounced higher yesterday, following the retest of 103.85 support level, where price maintains the sideways fluctuating stance, currently testing the minor descending resistance shown on chart, meanwhile, price prints a four-hour bearish candle. Accordingly, we look for an intraday downside attempt within the context of the sideways market. Support: 104.20, 103.85, 103.55, 103.25, 103.00 Resistance: 104.50, 104.85, 105.10, 105.25, 105.50 Recommendation Short below 104.60, targets at 104.20 and 103.85. Stop loss above 105.00 | |
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