USD/JPY Weekly Technical Report 15-19/4/2013

ecPulse
2013-04-15 06:54AM UTC

 

The pair was halted by levels close to Linear Regression Indicators and is now trying to achieve some gains. Stability above Linear Regression Indicators around 97.25 levels is required to support a new attempt to the upside this week. Failing to stabilize above 99.85 during the upside attempt will get the pair in a clear short or medium term correction.

 

The trading range for this week is among key support at 96.25 and key resistance at 100.35.

 

The general trend over short term basis is to the upside as far as areas of 84.00 remain intact targeting 100.00

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