-
USDJPY Resumes Uptrend – Long Term Support And Resistance Levels In Focus
USDJPY Resumes Uptrend - Long Term Support And Resistance Levels Dollar/yen has seen a resumption of the recent uptrend today, now markedly higher after the break above 80.60 area resistance we highlighted in this USDJPY analysis post. The Japanese yen has now dropped 8% during the past year, when referencing a weighted index of 10 currencies, and is showing signs of longer term bottoming, in the context of current market conditions. The key potential support we will be monitoring is the previous 80.60 area resistance, further to the is the 80.00 round number level and daily 200 SMA at 79.76. The move higher today ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 21, 2012 4:54pm Nov 21, 2012 4:54pm
- kzazs
- | Commercial Member | Joined Mar 2007 | 65 Comments
- Comment #2
- Quote
- Nov 21, 2012 5:21pm Nov 21, 2012 5:21pm
- Guest
- | IP XX.XXX.114.181
- Comment #3
- Quote
- Nov 21, 2012 5:42pm Nov 21, 2012 5:42pm
- moaf
- | Joined Jan 2012 | Status: Mother Of All Forex | 910 Comments
- Comment #4
- Quote
- Nov 21, 2012 5:46pm Nov 21, 2012 5:46pm
- eqshack
- Joined Jul 2011 | Status: Lord Of War | 1002 Comments
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- Comment #5
- Quote
- Nov 21, 2012 6:16pm Nov 21, 2012 6:16pm
- thunderr
- | Joined Nov 2012 | Status: Member | 31 Comments