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Thread: Yen Todays Range

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    Default Yen Todays Range

    Range Forecast
    114.75 / 115.00

    Resistance/Support
    R: 115.11/115.28/115.66
    S: 114.58/114.33/113.98

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    Fed Rate Cut 12 Dec

    Fed rate cut on 12 dec. What position to call on UJ?

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    Default

    sell UJ when it goes slightly up and buy on depth atleast 150pips

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    Default

    $/yen remains unchanged as trade from the March 17th low at 96.15 is seen as a correction (wave 4 in the fall from the Dec high at 114.65) and suggests an eventual resumption of the declines below 96.15 after (within wave 5).

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    Default

    EUR/USD The currency pair is in an uptrend unfolding from the 1.2484 bottom and probably ahead of a significant reversal on weekly basis.
    The technical indicators are rising and the trading is situated above the 50-day and the 200-day SMA, currently projected at 1.4302 and 1.3697.

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