26 Mar 2015
USD/JPY: Sell At 119.40 – GrowthAces
FXStreet (Barcelona) - The GrowthAces Research Team, believes that the Yemen conflict might strengthen flows into safe haven currencies, and with USD/JPY breaking below the 100-dma, the pair remains a sell.
Key Quotes
“Yemen conflict could pose risks for global oil supplies and provided a tailwind for oil prices and safe-haven currencies.”
“The USD/JPY broke below 100-dma for first time since August 8, 2014 and fell below 118.50.”
“Our EUR/JPY long position reached the raised stop-loss at 130.20 and we took profit on this position opened at 129.00.”
“Our USD/JPY sell order was not filled yesterday, but we maintain our bearish bias on this pair. We have lowered our sell offer to 119.40. The nearest strong support level is 118.00.”
“Resistance: 119.34 (hourly high ar 26), 119.57 (session high Mar 26), 119.83 (high Mar 25)”
“Support: 118.30 (low Feb 20), 118.11 (low Feb 16), 118.00 (psychological level)”
Key Quotes
“Yemen conflict could pose risks for global oil supplies and provided a tailwind for oil prices and safe-haven currencies.”
“The USD/JPY broke below 100-dma for first time since August 8, 2014 and fell below 118.50.”
“Our EUR/JPY long position reached the raised stop-loss at 130.20 and we took profit on this position opened at 129.00.”
“Our USD/JPY sell order was not filled yesterday, but we maintain our bearish bias on this pair. We have lowered our sell offer to 119.40. The nearest strong support level is 118.00.”
“Resistance: 119.34 (hourly high ar 26), 119.57 (session high Mar 26), 119.83 (high Mar 25)”
“Support: 118.30 (low Feb 20), 118.11 (low Feb 16), 118.00 (psychological level)”