New York time: 00:00:00
Local time: 00:00:00
Newsletter RSS 

USDJPY: Corrective Rally Approaching Resistance at 101-102


Our Services Video Tour                   Subscribe to our newsletter

July 03 2013

USDPY is trading higher and now forming much sharper and extended pull-back from 93.78 than previously thought. However, rise is still in three waves with wave C now approaching to important resistance area at 101.50-102.00 where we can see 78.6% retracement of wave A)/1) and as well as wave A=C level. As such, that’s very important zone for a possible turning point. But only impulse sell-off from here and back to 99.00 will confirm our bearish bias.

Newsletter archive