Added at 21.15GMT on 09.23.2004
Valid until 09.24.2004 at 21.00GMT
USDJPY
The dollar continues the up trend possible targeting around 111.10 in the next few hours.
Having the resistance levels at 111.00 and 111.50, the two EMA of 5 and 15 crossing the
EMA(62) we expect to see a touch of 111.00 during the asian session.
We look forward for a long position, buying @110.60/65, target @111.00, stop loss @110.30.
A fall around 110.70 at 23.6% retracement is expected after the test of 111.00 resistance level.
Recomended trades for the next intraday session are long positions.
EURUSD
We look forward for a long position with an entry @1.223, exit @1.228, stop loss @1.195 in the next
trading hours and turn back for a short position with entry @1.231, exit @1.228 and stop loss @1.235.
