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USD/JPY

Fri, Mar 13 2009, 16:03 GMT
by Dimo Dimov

Karoll


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chart 2

The chart shows the movement after the reached high 99.66. The fall to 95.66 is obviously corrective in nature. This means that a new rise above 99.66 is forthcoming. The question here is if this will happen directly from current levels or after one more low below 95.66. I shown both possibilities on the chart and a key support upon me is 97.13. A fall below it will signal possible initial low below 95.66 before the expected rise above 99.66. On the other side as long as the dollar stays above the indicated support, the scenario for a direct rise is still possible. I don’t have any partiality for any of the shown scenarios so I prefer to be neutral until the situation becomes clearer.



Archive

  • EUR/USD
    Published On Fri, Jul 10 2009, 08:23 GMT
  • EUR/GBP
    Published On Wed, Jul 8 2009, 12:29 GMT
  • EUR/USD
    Published On Fri, Jul 3 2009, 10:32 GMT
  • USD/JPY
    Published On Wed, Jul 1 2009, 07:55 GMT
  • GBP/USD
    Published On Thu, Jun 25 2009, 14:12 GMT
  • [ View All ]

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