reky
06-04-2007, 11:28 AM
The dollar against the Japanese yen moved towards the upside last Friday to hit the key resistance level at 122.15 confirming the upside signs in the short-term trend until the levels of 122.50. This move came after the pair opened above the major level at 121.60s which pushed the pair towards the upside. Today we expect the pair to progress towards the upside until 122.50s levels.
The trading range for today will be between the key resistance at 122.75 and the key support at 121.60.
The general trend is down as far as 122.20 and 123.00 remains intact, targets will be at 117.00 and 115.00.
buying USD/JPY above 121.97 with a target at 122.50, stop loss below 121.60.
The trading range for today will be between the key resistance at 122.75 and the key support at 121.60.
The general trend is down as far as 122.20 and 123.00 remains intact, targets will be at 117.00 and 115.00.
buying USD/JPY above 121.97 with a target at 122.50, stop loss below 121.60.