Trade Alerts, Trend Reports and Opinions by FX Options
Japanese Yen: rebound.
March 23, 2010 at 6:00 am • Posted in Daily Trend Report
Japanese Yen
| Pivot: 88 |
| Our Scenario: Long positions above 88 with targets @ 93.5 & 96 in extension. |
| Alternative Scenario: Below 88 look for further downside with 86 & 81.5 as targets. |
| Comment: the pair is rebounding on its support and should reach its previous high. |
| Option Strategy |
| Option ST |
1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
93.5 |
| Resistance2 |
96 |
| Resistance3 |
100 |
| Support1 |
88 |
| Support2 |
86 |
| Support3 |
81.5 |
