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iFOREX.bg USD/JPY Technical Analysis 21 July 2008

Published 07/21/2008, 02:21 AM
Updated 01/01/2017, 02:20 AM
USD/JPY 106.67 - 21 JulyUSD/JPY Open 106.87 High 106.97 Low 105.97 Close 106.31

The US Dollar climbed significantly on Friday against the Japanese Yen from Friday's bottom 105.97 to the top 106.97, which are the first support and resistance levels respectively for the currency couple today. Today however the US Dollar is a consolidation phase. If the positive trend continues, next resistance further up is expected at 107.70, the break of which would open potential rise towards 108.55. In downward direction next support is expected at 105.35, followed by 104.80.
Technical resistance levels: 107.00 107.70 108.55
Technical support levels: 106.00 105.35 104.80

Trading range: 106.80 - 106.15
Trend: Downward
Sell at 106.67 SL 109.97 TP 106.27


Already made +46 pips profit on USD/JPY today from the following signal:
5:58 GMT+1 Sell USD/JPY at 106.84 SL 107.10 TP 106.34 exited at 9:39 GMT+1.
Total today +140, on Friday +106, as shown in details at our web site.

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