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USD-JPY Technical - 11/March
Written by Praful Patat   
Friday, 11 March 2011 06:31

USDJPY retraced Fib No.61.8% at 83.05 again from 83.96 to 81.56. Break of 83.35 then going further up side toward 83.70 resistance, otherwise down to 81.55 support. USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07 still valid. USDJPY is going toward up triangle line at 83.70.
Strategy: USDJPY sell from 82.90 target 82.13, 81.56 stop loss 83.85
New High: 83.07, 83.30, 83.21.
New Low: 82.60, 82.83, 82.74.
R3-83.41, R2-83.23, R1-83.12, PP-82.94, S1-82.76, S2-82.65, S3-82.47.

USDJPY retraced Fib No.61.8% at 83.05 again from 83.96 to 81.56. Break of 83.35 then going further up side toward 83.70 resistance, otherwise down to 81.55 support. USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07 still valid. USDJPY is going toward up triangle line at 83.70.

Strategy: USDJPY sell from 82.90 target 82.13, 81.56 stop loss 83.85

New High: 83.07, 83.30, 83.21.

New Low: 82.60, 82.83, 82.74.

Pivot: R3-83.41, R2-83.23, R1-83.12, PP-82.94, S1-82.76, S2-82.65, S3-82.47.

 

Latest USDJPY
Last 82.94
High 83.17
Low 82.67
5 day 82.59
10 day 82.25
20 day 82.67
50 day 82.53
100 day 82.63
200 day 84.36