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Monday, June 17, 2013

$USDJPY - US Dollar Japanese Yen Trend Levels & Trading Strategy 4 the week : 17 Jun 2013

Best Buy & Support @ 96 (Current Resistance) Actual Resistance & Best Short Level @ 97.18 A break Above 98.36 Upside Target @ 101.38 - 102.66 However a Crack Below 94.70 Downside Target @ 91.70 - 90.42 (GapFilling)

Ltp - 94.42

Trend

Daily -Though Technical Indicators are in Bearish Territory-Momentum Up swing Price Action in Motion 

Weekly - Trend Indicators have faced South Wards But upside Pull back Is Likely to a certain level 

Monthly - Strong Bearish Pattern Has Popped on screen

Strategy 

Early Week Buy On dips below 94 - 92.70 for Target 96 - Later week Lets Take Short Positions @ or Above 97.18 - 98.36 for Intact Target 91.70 - 90.80 Keeping Stops Above 98.88 above > Trend Reversal up side Target 100.80 - 101.18
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