InstaForex - Analytics

    InstaForex

    700.25 6.25/10
    62% of positive reviews
    Real

    USD/JPY - Weekly and Monthly Pivot Points for July 02 - 06, 2012


    Show full picture

    Technical outlook and chart setups:

    Gold is trading around $1,146.00 at the moment. It remains just shy of earlier swing lows around $1,143.00. Please note that a bullish bounce here could still resume its uptrend but a break below would be extremely bearish opening doors towards $1,030.00/50.00 before the overall uptrend could resume. It is recommended to remain long for now, with risk at $1,143.00. Immediate support is seen at $1,143.00 while resistance is seen at $1,167.00/68.00 respectively.

    Trading recommendations:

    Remain long for now with risk at $1,143.00, a target is open.

    Good luck!


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree