Quotes with Resistance & Support
Market Information

Buy USD/ JPY – Exit positions at 78.25

Posted on: August 29th, 2012 at 10:44 am

Technically its near strong support of 78.30-78.40. One can enter at cmp: 78.58 for a target of 78.85-78.90

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8 Responses


  1. manivelan Says:
    August 29th, 2012
    Posted at: 12:08 pm

    Elliott: irregular flat correction down 78.07
    It looks set to visit further lower territory down to around 78.39. Its corrective attempts should fail ahead of 78.70. Stop loss above 78.90 zone.
    Warning: Imminent end of bearish move

  2. siva Says:
    August 29th, 2012
    Posted at: 8:54 pm

    Hi CB, Can we trade with first deposit of 50$ in eToto?

  3. siva Says:
    August 29th, 2012
    Posted at: 8:56 pm

    hi,what is the margin required to trade one lot of USDJPY?

  4. CB Says:
    August 29th, 2012
    Posted at: 9:41 pm

    Hi siva, yes. 1 lot with minimum risk would cost $25

  5. manivelan Says:
    August 30th, 2012
    Posted at: 7:50 am

    usd/jpy on 30/08/2012

    Elliott: impulse wave up 79.17
    It should trade higher to 78.84 while 78.66 or 78.60 offers support. Stop loss below 78.53 zone.

  6. manivelan Says:
    August 31st, 2012
    Posted at: 11:19 am

    usd/jpy on 31/08/2012

    Elliott: elongated flat correction up 79.08
    Corrective dips should halt near 78.38 for one more thrust upwards towards 78.69. Stop loss below 78.25 zone.
    Warning: Harami

  7. Sohan Says:
    September 3rd, 2012
    Posted at: 9:06 am

    Hello CB,

    I closed this on friday, was looking weak. I closed at 7838,


  8. CB Says:
    September 3rd, 2012
    Posted at: 9:07 am

    Hi Sohan, ok.. yes, did manage to break its support level.

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