USDJPY – Intraday Strategy (15 Jul 2013)


Recommendations: SHORT positions below  100.48  with 99.70 & 98.80 as next targets.

Alternative scenario: The upside breakout of 100.48 will call for a rebound to 101.00/101.52

Description: The pair already found resistance at 100.48 levels, as long as this level holds on an hourly closing basis, the pair will remain under pressure with risk towards 99.70/98.80 levels, an hourly close above 100.48 will flip bias back to the upside for retesting 101.00/101.52.




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