Thursday, September 27, 2012

USD/JPY intraday: key ST resistance at 77.95.


Pivot: 77.95
Our preference: Short positions below 77.95 with targets @ 77.5 & 77.35 in extension.
Alternative scenario: Above 77.95 look for further upside with 78.15 & 78.35 as targets.
Comment: the pair stands below its resistance and remains under pressure.

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