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Wednesday, 5 September 2012

2012.09.04 21:58:32 USD/JPY intraday: key ST resistance at 78.45.

USD/JPY intraday: key ST resistance at 78.45.

Update on supports and resistances.
Pivot: 78.45

Our preference: Short positions below 78.45 with targets @ 78.2 & 78.1
in extension.

Alternative scenario: Above 78.45 look for further upside with 78.55 &
78.65 as targets.

Comment: the RSI is mixed with a bearish bias.

Key levels
78.65
78.55
78.45
78.4 last
78.2
78.1
78

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