Monday, April 11, 2011

The Release Of A Long Position

In addition, market players said the release of a long position Yen again awakened by the quake rocked Japan on Thursday night, so this contributes to the weakening yen. These currency pairs tend to seek support at level 84.49 and resistance at level 85.22.

Today is Monday, 11 - 04-2011 Price USD/JPY opened at level 84.81

Resistance 3: 85.95
Resistance 2: 85.67
Resistance 1: 85.22

Pivot Point: 84.94

Support 1: 84.49
Support 2: 84.21
Support 3: 83.76

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