Under Pressure !!

By Go4x · February 8, 2010 · Filed in Potential Trade Set up's - Gold Membership

Below is my analysis on USDJPY.  Please be advised that should you wish to take the trade, this must be done off your own analysis using the training that you have received.

Pivot: 89.75.

USDJPY 30min chart

My Preference for this pair would be: SHORT positions @ 89.7 with 88.85 & 88.5 in sight.

Alternative scenario would be : The upside penetration of 89.75 will call for 90.1 & 90.55.

The RSI is capped by a declining trend line, the pair stands below its resistance.

Trend: ST Ltd Upside; MT Range

Key levels

90.55** Intraday resistance

90.1** Intraday resistance

89.75** Intraday pivot point

89.3 Last

88.85** Intraday support

88.5** Intraday support

87.75** Intraday support

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USDJPY 30min chart

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