Search Our Site:  
August 10, 2014

USD/JPY Daily forex post August 11, 2014

Posted by: ffs @ 11:15 GMT Category: Daily Forex,Signals,USD/JPY

USD/JPY Technical view

Updated:  August 10, 2014 11:15:33 GMT
SPOT USD/JPY Previous day OHLC
Open High Low Close Change
102.09 102.14 101.49 102.04 -0.05
Today's Support and Resistance
Resistance
Support
R3 103.10
R2 102.90
R1 102.50
S1 102.00
S2 101.80
S3 101.60

The dollar edged lower versus the yen on Friday, coming off sharply from the session lows after testing key supports at 101.60 yen. The gains could extend to trendline resistances at 102.50-103.00 in the near term, however, the pair has to settle above the resistances for a bullish reversal to be triggered. On the downside, close below supports at 101.60, the losses should widen to 101.00- 101.20

Trend direction

  • Short term: Bullish
  • Medium term: Bearish
  • 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: 9795
Please Read This Warning

These signals are given free for educational purposes only. We do not suggest anyone use real money for foreign exchange trading online and we do not accept any kind of responsibility for loss or damage resulting if you choose to ignore this warning.

Get Signals By E-mail:
Markets Hours
 
Auckland Closing
Sydney Open
Tokyo Open
Hong Kong Open
Singapore Open
Moscow Closed
Frankfurt Closed
Zurich Closed
London Closed
New York Closed
Chicago Closed
Vancouver Closed