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August 6, 2014

USD/JPY Daily forex post- US session August 6, 2014

Posted by: ffs @ 13:58 GMT Category: Daily Forex,Signals,USD/JPY

USD/JPY Technical view

Updated:  August 6, 2014 13:58:16 GMT
SPOT USD/JPY Previous day OHLC
Open High Low Close Change
102.56 102.92 102.43 102.59 0.01
Today's Support and Resistance
Resistance
Support
R3 103.30
R2 103.10
R1 102.90
S1 102.50
S2 102.10
S3 101.70

The dollar reversed early losses and is placed near key supports at 102.50 yen. Trend remains bullish with the pair likely to head to 103.00- 103.30, with the downside likely to be capped around the 102.00 yen levels

Trend direction

  • Short term: Bullish
  • Medium term: Bullish
  • Long term: Bullish

Trading Recommendations

  • Short:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION

  • Long:

    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
    • NO TRADING CALLS FOR THE SESSION
Post ID: 9754
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