USD/JPY Breaks to Weekly High; Next Resistance Could be 101.00

| 18 juli, 2013 | 0 kommentarer

Hourly

eliottWaves_usd-jpy_body_usdjpy.png, USD/JPY Breaks to Weekly High; Next Resistance Could be 101.00

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: The USDJPY was playing out as planned with Monday’s top in the resistance zone. Of course, today’s move to a new high for the week negates the near term bearish structure as it was presented and shifts focus to the next resistance zone of 100.97-101.12. The latter price is where the rally from 98.23 would consist of 2 equal legs. Near term support is 99.95-100.18.

FOREXTrading Strategy: Stopped out of short position at 100.60 – entry was 99.90 (average of 99.70 and 100.10).

LEVELS: 98.94 99.72 100.18 100.76 100.97 101.30

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *