USD/JPY intraday: rebound.
Update on supports and resistances.
Pivot: 78.2
Our preference: Long positions above 78.2 with targets @ 78.55 & 78.75
in extension.
Alternative scenario: Below 78.2 look for further downside with 78.05
& 77.85 as targets.
Comment: the RSI lacks downward momentum.
Key levels
78.9
78.75
78.55
78.4 last
78.2
78.05
77.85
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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume
08.08.2012 02:18 Up
Time Candlestick Last Opinion Invalidation
07.08.2012 01:25 Bearish engulfing 78.21 Down 78.52
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