USD/JPY, technically clear moves!

usd-jpy 26.02.

US dollar strengt ‘hit’ this pair as well and push USD/JPY to 119.40, where the pair could take a brake for a while, beacuse of the previous resistance at that level, from February 17./18. Take a look how precise MA100 is holding on the way down, trendline as well. If US dollar bulls brake this level, 119.80 could be next resistance, 120.40/50 the stronger one. On the way down, 119.00 is first minnor support, 118.80 second one, 118.20/30 stronger.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s