USD/JPY Open 110.52 High 110.28 Low 109.57 Close 109.68
The US Dollar renewed its upward movement yesterday against the Japanese Yen climbing from Tuesday's bottom 109.57 to today's top 110.28, which are the first support and resistance levels respectively for the currency couple today. Today the USD/JPY is moving within the above range, but if the positive trend continues, next resistance further up is expected at 111.00, the break of which would open potential rise towards 111.75. In downward direction next support further down is expected at 109.00, followed by 108.40.
Technical resistance levels: 110.30 111.00 111.75
Technical support levels: 109.55 109.00 108.40
Trading range: 110.40 - 109.75
Trend: Downward
Sell at 110.27 SL 110.57 TP 109.87
Already made +11 pips profit on USD/JPY today from the following signal:
6:03 GMT+1 Sell USD/JPY at 109.86 SL 110.12 TP 109.36 exited at 6:13 GMT+1.
Total today +103, yesterday +205, as shown in details at our web site.