Open 101.88
High 101.94
Low 101.22
Close 101.78
On Monday the USD/JPY increased with 65 pips. The currency couple appreciated from 101.22 to 101.88 yesterday, matching the positive money flow sentiment at around +9%, closing the day at 101.78. This morning the Dollar ascended slightly further against the Yen, reaching 101.94, than dropped.
On the 1 hour chart quotes are back into the trading range, while on the 3 hour chart wider trading scope has formed. Break above today's top and nearest resistance 101.94 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 101.22, and consistent break below it could strengthen the Yen further down towards next target 100.35.
There are no major economic events for Japan today.
Quotes are moving below the close 20 and 50 the EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 101.94 102.82 103.65
Technical support levels: 101.22 100.35 99.50
Today so far +31 pips profit/loss on USD/JPY today from the following sent to clients only signal:
7:05 GMT Sell USD/JPY at 101.62 SL 101.88 TP 101.12, exit sent at 10:03 GMT.
Today so far +81, yesterday +92.
USD/JPY Hour Chart" title="USD/JPY Hour Chart" width="452" height="381">