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Archive for the ‘USDJPY’ Category

USDJPY – Key Fibonacci levels

Saturday, December 6th, 2008

Here are some other very important levels, at which the price reacts, so watch out for these levels next week. I will be trading some of them and I’ll keep you posted. The levels are marked with dotted black lines ( 98.28 = 23.6 fib, 96.87 = 38.2 fib, 95.74 = 50 fib, 94.61 = 61.8 fib, 93.21 = 76.4 fib).

USDJPY key Fibonacci levels you should watch out for

USDJPY key Fibonacci levels you should watch out for

USDJPY – Key support and resistance levels

Saturday, December 6th, 2008

These are key support and resistance levels I watch out for on the USDJPY chart. At these levels, price is likely to react in some way: retracement, breakout (continuation) or trend reversal.

Major support and resistance lines on the USDJPY pair. Click the image to zoom in.

Major support and resistance lines on the USDJPY pair. Click the image to zoom in.