USD/JPY intraday: testing the channel support.
26-May-11
07:18
Pivot: 81.60.
Our Preference: LONG positions @ 81.66 with 82.1 & 82.25 as next targets.
Alternative scenario: The downside penetration of 81.6 will call for a slide towards 81.3 & 80.95.
Comment: the pair stands in a bullish channel.
Trend: ST Ltd Downside; MT Range
Key levels Comment
82.8** Intraday resistance
82.25** Intraday resistance
82.1* Intraday resistance
81.73 Last
81.6*** Intraday pivot point
81.3* Intraday support
80.95* Intraday support
Ticker: JPY
