Monday, July 16, 2012

USD/JPY Jul 16-2012

Trade Idea USD/JPY intraday: under pressure.

Pivot: 79.40.
Our Preference: SHORT positions @ 79.35 with targets @ 79 & 78.85.
Alternative scenario: The upside penetration of 79.4 will call for 79.55 & 79.8.
Comment: the pair remains on the downside and is challenging its support.

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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