Storm X
08-11-2006, 05:44 PM
Date: 2006/11/08Time: 14:11 (GMT +1)Ticker: JPYLast: 117.68Pivot: 117.41st sup.117.32nd sup.116.973rd sup.116.71st res.117.862nd res.1183rd res.118.48
Title: USD/JPY intraday: Bullish above 117.40Summary: Update on supports and resistances.Story: Pivot: 117.40.
Our Preference: LONG positions @ 117.5 with targets @ 117.86 & 118.
Alternative scenario: The downside penetration of 117.4 will call for a slide towards 116.97 & 116.7.
Comment: The pair is supported by a rising trend line.
Trend: ST Consolidation; MT Bullish
Title: USD/JPY intraday: Bullish above 117.40Summary: Update on supports and resistances.Story: Pivot: 117.40.
Our Preference: LONG positions @ 117.5 with targets @ 117.86 & 118.
Alternative scenario: The downside penetration of 117.4 will call for a slide towards 116.97 & 116.7.
Comment: The pair is supported by a rising trend line.
Trend: ST Consolidation; MT Bullish