USD/JPY Signal - Feb. 11, 2013

DailyForex.com Team

By: DailyForex.com

The RSI is entering its area and validates the signal and test again its neutral zone. Markets seem to also experience some difficulties since the USDJPY breaks again under its resistance at 92.90. In this context, investors will trade on a move back to the 50% Fibonacci retracement at 91.06 in case of a break of support at 92.16.

Direction: Sell
Entry: 92.10
Stop-Loss: 93.00
Take-Profit: 91.10

USDJPY Signal - February 11, 2013

About the Author
DailyForex.com Team
The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.
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