Tuesday, September 18, 2012

USD/JPY intraday: bullish bias above 78.15


Pivot: 78.15.
Our preference: LONG positions above 78.15 with 78.9 & 79.1 as next targets.
Alternative scenario: The downside penetration of 78.15 will call for a slide towards 77.9 & 77.65.
Comment: the pair stands above its support and remains on the upside.
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