International Trading

Forex − Chart USD/JPY Update: Looking to sustain bounce

Wednesday, September 8, 2010 , Posted by Usman Ali Minhas at 8:46 AM

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Published at 13:41 (GMT) 08 Sep
USDJPY
09 Sep USD/JPY Daily
14:15 - The USD's pushing to trigger a firm rally off the major lows reached yesterday and this am.- we've seen new 15-year lows today as a key level has again been tested but the s/t response has been to swing the USD back above Tues' late high (=bullish on small scale.) Good target from here would be 84.75. [NR]
R5: 86.25 * 16-Jul low
R4: 85.90 * 30-Aug high
R3: 85.20 3-Sep spike high
R2: 84.75 50% Aug-Sep range
R1: 84.70 * 11-Aug low
S1: 83.50 end-Jun-95 low
S2: 83.35 Wed am low
S3: 82.60~ Apr,May-95 lows
S4: 81.75 * May-95 low
S5: 81.15 26-Apr-95 low

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