Saturday, March 20, 2010

USDJPY - MARKET THOUGHT 20032010

 

This cross can be a good surprise this year, but until now nothing new. Last update here http://bit.ly/bGQ2vR . Bulls buy around 88.50 and bears sell around 91.

Market hold last weeks important support 88.56. Bulls need to break some important resistance to reversal this cross medium and long-term again.

Remember trend have 3 years and last Cross EMA`s was bearish around 117.

Resistances: 90.64, 92 and 93.80.

Weekly close below 88.56 open the door to revisited lows again around 84.

Short-term have present two numbers 89.60. Bullish short-term above this number – close below 89.60 daily expect again 88.56. Breakout 92
can put this cross on fire to attack big resistance 93.80.

Good Luck. Click to zoom in.



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