Trade Alerts, Trend Reports and Opinions by FX Options
Japanese Yen: the upside prevails.
April 8, 2010 at 6:50 am • Posted in Daily Trend Report
Japanese Yen
| Pivot: 90 |
| Our Scenario: Long positions above 90 with targets @ 96 & 97.9 in extension. |
| Alternative Scenario: Below 90 look for further downside with 88 & 86 as targets. |
| Comment: the pair is pulling back on its new support ahead of a rebound. |
| Option Strategy |
| Option ST |
1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
96 |
| Resistance2 |
97.9 |
| Resistance3 |
100 |
| Support1 |
90 |
| Support2 |
88 |
| Support3 |
86 |
