Trade Alerts, Trend Reports and Opinions by FX Options
Japanese Yen: the downside prevails.
August 11, 2010 at 5:48 am • Posted in Daily Trend Report
Japanese Yen
| Pivot: 89 |
| Our Scenario: Short positions below 89 with targets @ 83.55 & 82.4 in extension. |
| Alternative Scenario: Above 89 look for further upside with 92 & 95 as targets. |
| Comment: the pair is capped by a declining trend line and is challenging its support. |
| Option Strategy |
| Option ST |
-1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
89 |
| Resistance2 |
92 |
| Resistance3 |
95 |
| Support1 |
83.55 |
| Support2 |
82.4 |
| Support3 |
79.3 |
