Buy USD/ JPY – Book profits at 78.92

Quotes with Resistance & Support

Market Information

Posted on: August 9th, 2012 at 11:21 am

Technically this pair has strong resistance at 78.62 levels.. Once manages to cross 78.62, one can enter for a target of 78.90-79.

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Comment pages: 12Show all

CB Says:
August 14th, 2012
Posted at: 1:47 pm
Hi Sohan, most welcome.
Sohan Says:
August 14th, 2012
Posted at: 7:05 pm
Hello CB,
Yes booked at 7882.
10 pips down because of that long bar in 5 min chart, i closed earlier.
Thanks again for another rocking call, and good that i was still holding it after your suggestion.
Sohan
Sohan Says:
August 14th, 2012
Posted at: 7:08 pm
Hello CB,
Check this
http://www.dailyfx.com/technical_analysis/elliott_wave/?elliottWave=USD/JPY
Your opinion if this could be a possibility. Maybe I can re-enter for 20-25 pips.
Sohan
CB Says:
August 15th, 2012
Posted at: 2:07 am
Hi Sohan, most welcome. would advice to wait for a day or 2. if still manages to trade above 78.70, can enter it.
Sohan Says:
August 15th, 2012
Posted at: 2:20 pm
Hello CB,
What would be the target, I was looking for 7900 to 7912 levels.
Presently trading at 7896, will wait for a day to see how this settles.
Sohan
CB Says:
August 15th, 2012
Posted at: 2:22 pm
Hi Sohan, can test 79.30. hold for now.
Sohan Says:
August 16th, 2012
Posted at: 4:26 pm
Hello CB,
Closed at 7925,thanks very much.
A very good call, this recovered quite a bit in a day.
Sohan