The Situation
The tendency to the loss that was described like " the evident tendency to baja" , it continued, and Libra stayed under pressure for another day, but the size of the fall was impressive, with the distance of yesterday between the discharge and the loss approaching 500 pts. Libra broke the support contemplated in report of yesterday, 1.5115, and successfully reached both objectives that seted out of 1.5066 and 1,4966. Nowadays, we found that he is better to concentrate in the short term levels, because the situation now is open to all the possibilities. It is possible to see a correction, and is almost equal of possible to see a continuation. The possibility that is more close will be decided by the rupture of the support or the resistance in the short term. The today support is of 1.4870 and its rupture would indicate that the hurricane dollar will continue making damage in " Libralandia".
Objectives for the rupture of that type would be 1.4770 and 1,4689. Whereas the resistance is in 1,4936, and to break would initiate it a correction in the short term directed to 1,5026, and puediera to be 1.5100. As far as the long term, we must have all the attention centered in the supports of Fibonacci 61.8% who is in 1.4854, and penetrate it again today, would mean much for the long term. Support: 1,4870:61,8% of Fibonacci of the ascent of yesterday of the loss. 1,4770: Rise of the 24 of April. 1,4689: Rise of the 28 of April.
Resistance: 1,4936: Line of descendent tendency of the rise of yesterday from the graphs intraday. 1,5026: Top of the descendent channel coming from 1,5813. 1,5100: Bottom important intraday. Dollar-Yen – Another week, another tendency (2) was not much movement in last the 24 hours, seems that this pair is still in the construction of a base, in a step to change in the short term of direction.
