Monday, July 23, 2012

USD/JPY Jul 23 -2012


Trade Idea USD/JPY intraday: under pressure.

Pivot: 78.65.
Our Preference: SHORT positions @ 78.55 with targets @ 78 & 77.9.
Alternative scenario: The upside penetration of 78.65 will call for 78.8 & 79.
Comment: the RSI is badly directed.



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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