Tuesday, July 31, 2012

USD/JPY Jul 31-2012


USD/JPY intraday: the downside prevails.

Pivot: 78.40.
Our Preference: SHORT positions @ 78.3 with targets @ 78.05 & 77.9.
Alternative scenario: The upside penetration of 78.4 will call for a rebound towards 78.65 & 78.8.
Comment: as long as 78.4 is resistance, look for choppy price action with a bearish bias.



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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