WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Forex Trading: Dollar/Yen Support and Resistance

Posted by Joseph Trevisani on Apr 23, 2013 10:46:00 AM



100.20 Strong offers
100.10 Stops
100.00 Offers on approach, barrier, stops
99.95/96 11 April high, 11 February resistance line
99.90 22 April high
99.70 Strong offers, stops
99.53 Euro high

99.34  Market Bid 10:52 ET New York

99.10 Minor demand
98.88 5-day moving average
98.50 Medium demand (98.49 - Euro low)
98.40 Stops
98.30 Strong demand
98.21/19 23.6% of 92.57-99.95, 38.2% of 135.15-75.35

98.00 Strong demand, stops

 

Market News International and WorldWideMarkets

Chart: Bloomberg

ScreenHunter 1015 Apr. 23 10.31

 

Chart: Bloomberg

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!