USD/JPY intraday: intraday support around 79.7

Jul 06, 2012 07:34 am

haney398 User

Posts: 21
Member since: 05/07/2012

Pivot: 79.70.

Our Preference: LONG positions above 79.7 with 80.1 & 80.25 as next targets.

Alternative scenario: The downside penetration of 79.7 will call for a slide towards 79.55 & 79.4.

Comment: the RSI lacks downward momentum

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