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Thread: yen daily overview

  1. #1
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    Default yen daily overview

    Dollar/yen struggled higher on Tuesday. Following another bounce, the pair should slip. Key level is at 114.20 from another 50-point pivot that targets 113.70 and 114.70.

    Immediate resistance is seen at 114.50. Above 114.70 there is good resistance at 115.50.

    Initial support is at 113.70. Strong support follows at 112.90 from a 50-point pivot that targets 113.40 and 112.40. Next strong follows at 111.60 from another 50-point pivot, which targets 112.10 and 111.10

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    Default

    I seen down trend begin now.

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    Default

    Strategy: Attempt small shorts at 95.90/96.25; stop above 97.35. First target 95.00, adding to shorts below 94.40 for 94.00 and then 93.65.

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