Forex Market News

Headlines

Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Tuesday, September 13, 2011

USD/JPY Outlook

Failed to maintain recent positive sentiment, with upside rejection at 77.85, just above previous high at 77.70, triggering strong reversal. Loss of initial support at 77.00 may signal return to the previous range, as the latest push higher failed at 77.40. However, break below 76.40 initial support would risk test of 76.00, below which would turn the tone bearish.

Res: 77.24, 77.40, 77.61, 77.71

Sup: 76.96, 76.74, 76.40, 76.00

By
M.Zohaib Gadit
Forex Trading Consultant

No comments:

Post a Comment

Feel free to comment.

Subscribe to: Post Comments (Atom)