Quotes with Resistance & Support
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Buy USD/ JPY – Book profits at 78.92

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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18 Responses

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Comment pages: 12Show all

  1. CB Says:
    August 14th, 2012
    Posted at: 1:47 pm

    Hi Sohan, most welcome.


  2. 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


  3. 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


  4. 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.


  5. 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


  6. CB Says:
    August 15th, 2012
    Posted at: 2:22 pm

    Hi Sohan, can test 79.30. hold for now.


  7. 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

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