Slobodan Drvenica
Windsor Brokers
USDJPY
Downside remains at risk after two-day recovery from 110.65 low was capped by initial resistance, Fibo 38.2% of 114.53/110.65 downleg at 112.19 today. Subsequent weakness dipped to 111.36, session low, signaling limited upside action and maintain downside pressure.
Near-term technicals remain weak, while bearish setup of daily MA’s and indicators holding in the negative territory, keep focus at 111.00/110.65 breakpoints.
Session high, also floor of former 01/09 Mar consolidation, remains as key near-term barrier, guarding falling 10 SMA at 112.63 and strong 113 resistance zone (Fibo 61.8% of 114.53/110.65), reinforced by 20SMA).
Res: 112.19; 112.60; 113.00; 113.80
Sup : 111.36; 111.00; 110.65, 110.00
Downside remains at risk after two-day recovery from 110.65 low was capped by initial resistance, Fibo 38.2% of 114.53/110.65 downleg at 112.19 today. Subsequent weakness dipped to 111.36, session low, signaling limited upside action and maintain downside pressure.
Near-term technicals remain weak, while bearish setup of daily MA’s and indicators holding in the negative territory, keep focus at 111.00/110.65 breakpoints.
Session high, also floor of former 01/09 Mar consolidation, remains as key near-term barrier, guarding falling 10 SMA at 112.63 and strong 113 resistance zone (Fibo 61.8% of 114.53/110.65), reinforced by 20SMA).
Res: 112.19; 112.60; 113.00; 113.80
Sup : 111.36; 111.00; 110.65, 110.00
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
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