Monday, July 30, 2012

USD/JPY Jul 30-2012


USD/JPY intraday: under pressure.

Pivot: 78.65.
Our Preference: SHORT positions @ 78.55 with targets @ 78.25 & 78.05.
Alternative scenario: The upside breakout of 78.65 will open the way to 78.8 & 78.9.
Comment: the RSI is bearish and calls for further downside.



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. Visit Us www.deryworldscorp.web.id

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