Sorry traders was expecting a bounce back after our near term target of 98.50 for a fresh short. Though was bearish but this move has even surprised me. But finally patience pays as USDJPY today made a low of 95.91 which means even our 1st short term target of 97.00 has been achieved and it has reversed just a few pips from our 2nd short term target of 95.50.
Showing posts with label Currencies.. Show all posts
Showing posts with label Currencies.. Show all posts
Friday, June 7, 2013
Monday, January 2, 2012
USDJPY Weekly (02/01/2012 – 06/01/2012)
USDJPY has given a good fall on Friday and can slide upto 76.70-76.60, but it can take support of it's November low of 76.56.
It has a good weekly support at 75.85 and resistance at 77.90 and a major resistance is at 78.65. For this week we can go long if it dips upto 76.60. Largely the trading range will be 76.50-77.90 for this week.
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