Friday, July 13, 2012

USD/JPY Jul 13 - 2012

Trade Idea USD/JPY intraday: under pressure.

Pivot: 79.55.
Our Preference: SHORT positions @ 79.5 with 79.1 & 78.85 as next targets.
Alternative scenario: The upside penetration of 79.55 will call for 79.8 & 80.
Comment: the pair stands below its resistance and remains under pressure.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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