|USD-JPY Technical - 03/March|
|Written by Praful Patat|
|Thursday, 03 March 2011 05:48|
USDJPY is forming triangle on daily chart. USDJPY is on lower triangle trend line on daily chart. USDJPY break of 81.56 support level further going down side toward 80.30 next target on down side, otherwise up side toward 83.53 resistance in bigger range. Break of 82.05, further going up side toward 82.38 on intraday.
Strategy: USDJPY buy at 81.80 target 81.46, 83.40 stop loss 81.11.
New High: 81.98, 82.25, 82.13.
New Low: 81.44, 81.71, 81.59.