fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for JPY Mon Mar 03, 2014 11:00 am | |
| Technical Analysis for JPY USDJPY opens the week sharply lower, with a bearish gap below 101.70 support level, holding below 101.70, favors the bearish resumption scenario of the bearish correction that started from 105.43 major high, and the downside may extend towards the recent major swing low at 100.70 level, and the 200-days SMA alongside the ascending support for ths overall bullish wave at 100.15 areas. The bearish bias is expected to remain dominant as long as below 100.70. Support: 101.00, 100.70, 100.45, 100.15, 100.00 Resistance: 101.40, 101.65, 102.00, 102.30, 102.60 Recommendation Short below 101.45. targets at 101.00,100.70 and 100.20. Stop loss above 102.00 | |
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