Trading Signal - 17/09/2014 - 16:00 (GMT +3)

Instrument: USDJPY
by: Chief Technical Strategist Avramis Despotis
Previous Close 107.18
Change 0.02 %
Current 107.24
52 Week High 107.39
52 Week Low 96.57
30 Days ATR 0.43
40 Weeks ATR 1.30
Time Trend & Condition Support & Resistances Comments
Position & Trade
Probability
Entry, Take Profit &
Stop Loss Levels
60min
CHART

Next 3
Days
Range

Neutral
106.80 107.40
- -
- -
The market is in a Range. We
remain neutral waiting for a break
in either direction.
Position Entry SL
WAITING - -
Trade P. TP1 TP2
- - -
240min
CHART

Next 3
Weeks
Upwards Strong

Neutral
106.50 107.60
105.90 108.40
105.00 109.20
Waiting for a retracement lower
towards the 106.50 support level,
or alternatively the break of the
107.60 resistance level, in order to
reinstate LONG positions.
Position Entry SL
BUY - -
Trade P. TP1 TP2
- - -
Daily
CHART

Next 3
Months
Upwards Strong

Neutral
105.90 107.40
105.00 108.50
103.50 110.00
Waiting for a retracement lower
towards the 105.90 support level,
in order to reinstate LONG
positions.
Position Entry SL
BUY - -
Trade P. TP1 TP2
- - -

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