USDJPY chart analysis for 22nd July 2010
USDJPY chart analysis for 22nd July 2010. Please be advised that should you wish to take the trade, this must be done off your own analysisGBPUSD Preference would be to: SHORT positions below 86.9 with 86.27 & 85.8 as next targets.
Alternative scenario would be to: The upside penetration of 86.9 will call for a rebound towards 87.35 & 87.58.
USDJPY pair has broken below an intraday rising trend line. The 30-min RSI broke below a key support area.
Trend: ST Ltd Downside; MT Range
Key levels
87.58** Fib retracement (50%)
87.35** Intraday resistance
86.9** Intraday pivot point
86.52 Last
86.27* Intraday support
85.8*** Fib projection
84.85** Fib projection
USDJPY chart analysis for 22nd July 2010
PLEASE ENSURE THAT YOU DO YOUR OWN ANALYSIS PRIOR TO TRADING THE FOREX MARKET AT ALL TIMES!!
GHTime Code(s): nc
