SGD/JPY ST: our next up target stands at 67.8
26-May-11
05:21
Our pivot point is at 64.9.
Our preference: our next up target stands at 67.8.
Alternative scenario: below 64.9, expect 63.8 and 63.2.
Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above both its 20 and 50 MAs (standing respectively at 65.551 and 65.8454).
Supports and resistances:
68.5 *
67.8 **
67.2
65.86 last
65.3
64.9 **
63.8 *
Ticker: SGDJPY
