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Here is an intraday important trading level for this currency today :
Resistance. 3 : 84.74.
Resistance. 2 : 84.57.
Resistance. 1 : 84.41.
Support. 1 : 84.20.
Support. 2 : 84.03.
Support. 3 : 83.86.
Suggestions:
Scalping from 10 pips to 20 pips near 184.47 Support. 3 for BUY and the Resistance. 3 for SELL; but please, pay attention, that if this pair is still moving for 47– 50 pips after breaking through the Support. 3 or the Resistance. 3, then it is likely to continue the advance, so please, change positions beforehand.
Market Outlook :
The growth of the Japanese exports slowed in August 2010, the strong yen and the decline in global demand damaged the export of the country. According to Japan's Finance Minister the export rose only by 15.8%; this is the slowest growth since December 2009. The data released today showed that the economic recovery of Japan is probably decelerating. Many analysts predict Japan will fall back into recession if the yen continues to strengthen. Yen has allready strengthed againts US Dolar by almost 10% this year; this situation made the Japanese products more expensive in other countries and they lost their competitive price especially if comparison with the Chinese products.
