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FOREX ANALYSIS - page 81

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deresel
592
deresel  
USD/JPY
Key levels to watch for:
Support: 108.97; 108.63;
Resistance: 110.02; 110.27; 110.69;
Cougar512
105
Cougar512  
The dollar / yen made a significant upside momentum yesterday, breaking through the range. My upward pattern is activated again. The trading signals are bullish for the testing 111.00 - 111.50. Support for the day is 110.00, whose breakthrough can take the price to a neutral zone with testing 109.50, but overall I still prefer the bullish scenario at this stage and every bearish pressure should be considered a good opportunity to buy.
Cougar512
105
Cougar512  
The dollar / franc had another unrestrained move yesterday. The views remain neutral, possibly with light bullish signals for the critical resistance testing of 1.0055. This level should be clearly pushed up to revive and reactivate my upward model. On the downside, key short-term support is 0.9960. A clear breakthrough and daily closure below it can cause future downward pressure to test at 0.9900 or lower.
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