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Report date: 17/09/2014
* All times are displayed in GMT (London time)

Summary

SELL
We look to Sell a break of 107.00 (stop at 107.25)


Resistance 3 107.50
Resistance 2 107.40
Resistance 1 107.30
Support 1 107.11
Support 2 106.74
Support 3 106.32

Last Update 17/09/2014 - 6:35am

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Analysis

USDJPY - Intraday - We look to Sell a break of 107.00 (stop at 107.25)

The rally was sold and the dip bought resulting in mild net losses yesterday. . Price action remained indecisive and choppy yesterday as prices traded within a 52 tick range. The bias remains mildly bearish but there is scope for a move in either direction at the open. The corrective cycle lower looks to have stalled. A break of 107.11 is needed to confirm follow through negative momentum.
Our profit targets will be 106.75 and 106.32

Resistance: 107.30 / 107.40 / 107.50
Support: 107.11 / 106.74 / 106.32

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Disclaimer: This is a promotional sample of our financial analysis. It is provided so that potential clients can see the detail and formation of the information we provide. It is not a recommendation to buy or sell, nor does it constitute advice and you should not act upon this information. Hypothetical and simulated performance results do not represent actual trading, may not account for actual market factors and have many limitations. You may not achieve similar profits or results. No representation is being made with respect to performance, profits or results.

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