The pair successfully closed above the 50WSma, which was a nice turn around in the short-term bullish view. We are recommending to buy from 101.30 with sl 101 (the article published on July 18, 2014) levels. If this week, the pair manages to close above 20WSma, the near term will also change to extremely bullish view towards 102.30, 102.60, 102.80, 103 and 103.40 levels. On the down side, it has strong support at 101.44 (50WSma).
Support: 101.44
Weekly view July 28-August 01
In Asia's session, the pair is trading above 50DSma. It's been making a lower lows for 8 sessions. The pair has near strong resistance at 102.05 (200DSma and 100DSma). Once it breaches, it will fly up to 102.25, 102.40 and 102.75 levels. It has support at 101.80, 101.60 and 101.20 levels.
Strong buy is above 102.05, add on dips.
Support 101.80 101.60 101.20
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Short-term forecast and weekly recommendations for USD/JPY for July 29, 2014 . Thanks for your support on Short-term forecast and weekly recommendations for USD/JPY for July 29, 2014
No comments:
Post a Comment