Thursday, July 19, 2012

USD/JPY Jul 19 -2012


Trade Idea USD/JPY intraday: under pressure.

Pivot: 78.80.
Our Preference: SHORT positions @ 78.75 with targets @ 78.4 & 78.25.
Alternative scenario: The upside penetration of 78.8 will call for a rebound towards 79 & 79.2.
Comment: the pair has broken below its support 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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