Valeria Bednarik noted a range of support at 78.80, 78.50 and 78.30, while the range of resistance at 79.10, 79.40 and 79.75. She commented that the movement of graphics per 4 hours, is also bullish technical signals with several indicators that are in the positive zone and above the MA movement, supporting the continued upward movement towards the 80 for the next few sessions.
Aug 15, 2012
Yen to Crawl Up to 79.00
Yen has moved up to grab 79 points ahead of the opening session of Tokyo, maintaining a slim gain of the signal, and stay on EMA-55, was last seen at 78.90.
Valeria Bednarik noted a range of support at 78.80, 78.50 and 78.30, while the range of resistance at 79.10, 79.40 and 79.75. She commented that the movement of graphics per 4 hours, is also bullish technical signals with several indicators that are in the positive zone and above the MA movement, supporting the continued upward movement towards the 80 for the next few sessions.
Valeria Bednarik noted a range of support at 78.80, 78.50 and 78.30, while the range of resistance at 79.10, 79.40 and 79.75. She commented that the movement of graphics per 4 hours, is also bullish technical signals with several indicators that are in the positive zone and above the MA movement, supporting the continued upward movement towards the 80 for the next few sessions.
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