USDJPY Weekly Outlook (22 Oct - 26 Oct) 2012

USDJPY weekly technical analysis: Pullback to Rise !

 

Recommendations: Buy positions between 78.32 - 78.85 with targets @80.10 & 80.80. 
Comment: As long as77.93 holds with RSI above 40, Upside Resumes, below 77.93 might delay the bullish move, however 78.70/78.00 is supposed to contain any bearish correction !

Resistance:  79.40,  80.10,  80.80

Support: 78.70,  78.00,  77.30

Best Regards

Haitham

 

Views: 111

Tags: USD/JPY, USDJPY

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