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Wednesday, 25 July 2012

2012.07.25 07:23:48 USD/JPY intraday: capped by a negative trend line.

USD/JPY intraday: capped by a negative trend line.

Update on supports and resistances.
Pivot: 78.45.

Our Preference: SHORT positions @ 78.35 with 77.9 & 77.75 in sight.

Alternative scenario: The upside penetration of 78.45 will call for a
rebound towards 78.65 & 78.8.

Comment: as long as the resistance at 78.45 is not surpassed, the risk
of the break below 77.9 remains high.

Trend: ST Ltd Downside; MT Range

Key levels Comment

78.8** Intraday resistance
78.65** Intraday resistance
78.45*** Intraday pivot point
78.12 Last
77.9** Intraday support
77.75** Intraday support
77.6** Intraday support


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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume

24.07.2012 22:45 Down
23.07.2012 22:45 Down Down

Time Candlestick Last Opinion Invalidation
24.07.2012 03:10 Hammer 78.39 Up 77.94

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