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Wednesday, 27 June 2012

2012.06.27 04:53:18 USD/JPY MT: under pressure.

USD/JPY MT: under pressure.


Update on supports and resistances.
Pivot: 80.50

Our Preference: SHORT position below 80.5 with 77.5 & 76.55 in sight.

Alternative Scenario: Above 80.5 up move to 81.9 & 83.

Comment: the pair has struck against its resistance and remains under pressure.

Trend: ST Ltd Downside; MT Range, we have been bearish since 2 MAY 2012 (80.07).

Key levels Comment

83.00 ** Horizontal resistance
81.90 ** Horizontal resistance
80.50 ** MT pivot point
79.4 Last
77.50 ** Horizontal support
76.55 *** Horizontal support
75.55 ** Horizontal support
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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume
25.06.2012 22:45   Down              

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