USD/JPY Technical Analysis (US Dollar / Yen)
By Roger Baettig | February 6, 2013 2:25 AM EST
|USD/JPY : A new annual high result of the takeover of the right in Japan|
--- Follow up analysis ---
We continue to advise long positions as far as 91.27 is support. On the medium term, the price has reintegrate its bullish channel (brown lines). The break of 93.33 will give a new buy signal and would allow the price to extend its movement towards 94. However, if the bullish slant is broken, an extension of the correction is expected to 91.27.
In case of return below 91.27, we will be neutral between this level and 90.44. This level corresponds to the lower limit of the bullish channel and its break would give a sell signal.
Analysis published by Bruno, the 02/05/2013 at 8h45 GMT+2
For more reports, go to Forextribe
Join the Conversation
© Copyright 2014 International Business Times AU. All Rights Reserved.