Tuesday, August 6, 2013

USDJPY PRICE ACTION: Price Breaks Support, More bears to come. August 06, 2013

 The USDJPY broke and closed below Support at about 98.20, a key support zone. If price manages to stay below this zone, price will be expected to head even lower into other lower support areas. The next two support zones are indicated in the chart above.

My Recommendation: Sell entries should be sort on the intra-day time frames.

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