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iFOREX.bg USD/JPY Technical Analysis 8 September 2008

Published 09/08/2008, 02:29 AM
Updated 01/01/2017, 02:20 AM
USD/JPY 108.30 - 8 September
USD/JPY Open 107.68 High 109.05 Low 106.01 Close 107.10

The US Dollar started climbing significantly on Friday against the Japanese Yen from this Friday's bottom 108.54 to today's top 105.89, which are the first support and resistance levels respectively for the currency couple today. If, the positive trend continues, as we expect for today, next resistance further up is expected at 109.65, the break of which would open potential rise towards 110.30. In downward direction next support further down is expected at 105.20, followed by 104.55.
Technical resistance levels: 109.05 109.65 110.30
Technical support levels: 106.00 105.20 104.55

Trading range: 108.20 - 108.80
Trend: Upward
Buy at 108.30 SL 108.00 TP 108.70


Already made +42 pips profit on USD/JPY today from the following signal:
5:59 GMT+1 Sell USD/JPY at 108.82 SL 109.08 TP 108.32 exited at 7:21 GMT+1.
Total today +194, on Friday +170, as shown in details at our web site.

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