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Technical analysis for USDJPY on 30.08.13 porno - porno izle
  • Technical analysis for USDJPY on 30.08.13

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    Technical analysisThe USD/JPY has returned to the ascending channel and is expected to move up.

    Direction

    Period

    Expected price dynamics

    Price movement corridor

    ↑↓

    1 day

    ≈130 pips

    Max. 100.00

    Min. 96.00

    USDJPY technical analysis on 30.08.13

    The fundamental data on the USD came out positive, which resulted in the greenback’s rise against a basket of currencies, like EUR, CAD, CHF, and JPY. However, the resistance level of 98.40 didn’t let the greenback continue its rise against  the Japanese yen. The pair started its consolidation. We can expect a short-term pullback down to the support level; then the price is expected to retest the resistance level. Should the price break this level, it will be expected to continue the uptrend to the weekly trend line at 98.70. Crossing the trend line would open the way to the resistance level of 99.00 – 99.15.

    Alternative forecast

    USDJPY technical analysis on 30.08.13

    Alternatively, the price may rebounds from the current resistance level of 98.40 or move to the weekly trend line at 98.70. In both cases, the rebound should go amid breaking the resistance level of 98.00 – 98.10, which would open the way to the support level of 97.60. Breaking down the level of 97.60 will give possibility for selling short at the support level of 97.00.

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