JPY Trading Outlook (12-03-2015)

Dax (Eurex) 11/03/2015 12:52
Trend daily chart (=) Trend weekly chart (=)
Dax‏ (Eurex)‏ (H5) Intraday: the upside prevails.
Pivot: 11550

Our preference: Long positions above 11550 with targets @ 11800 & 11900 in extension.

Alternative scenario: Below 11550 look for further downside with 11400 & 11325 as targets.

Comment: The RSI is bullish and calls for further upside.

Supports and resistances:
12000 **
11900 **
11800 **
11702 Last
11550 **
11400 **
11325 **

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