SubscribeIt worked good level of support 78.00 a couple days to settle and some went to the top ... I think the movement in the next couple of days will be determined by the level of E-78.00 78.70 ....
Thread: Usd/Jpy
It worked good level of support 78.00 a couple days to settle and some went to the top ... I think the movement in the next couple of days will be determined by the level of E-78.00 78.70 ....
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USD / JPY after a couple of trading for two days near the support level of 78.00 at the end of the week the course moved to the north, there was a rebound from this level, as a sign of the buyer, expect the growth to the north.
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The bearish trend still look here - although with weak move, I see. I mean - this bearish was weak because on today opening price. So with this look, I see - it's better to just wait and see first = this look become a sideways first near that 76.4 fib line (78.35).
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So far I have two buy signals on the four hour chart-crossing the green line ching span the price chart from the bottom up, and. "Golden cross" - the intersection of two moving, I think the pair will rise.
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couple continues to promote long-term support level around 78.00, below which the course will not want to start up, I think that probably will rebound from this level and the resumption of the northern movement.
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Continued dollar against the yen trading in a narrow range both sides near the 78.00 level, while continuing the 50 MA clicking negatively on intraday trading and short-term.
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In general, we reserve our expectations of the general downward trend, which needs to break clear of the level of 77.65 to enhance the opportunities to achieve.
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Expected trading range for today is between: Support Resistance 77.00 79.00
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General tendency is expected for the day: the downside
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the most likely scenario
the pair can move up to test the 1st resistance on 78.25
alternative scenario
the pair can move down to test the 1st support on 78.10
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USDJPY now buy...
bid ask spread
78.226 78.23 0.4
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