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Saturday, 25 August 2012

2012.08.24 18:28:20 USD/JPY intraday: the downside prevails.

USD/JPY intraday: the downside prevails.

Update on supports and resistances.
Pivot: 78.7

Our preference: Short positions below 78.7 with targets @ 78.25 & 78.1
in extension.

Alternative scenario: Above 78.7 look for further upside with 78.9 &
79.05 as targets.

Comment: the pair is rebounding but stands below its resistance.

Key levels
79.05
78.9
78.7
78.64 last
78.25
78.1
77.9

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