USD/JPY Open 98.48 High 99.13 Low 98.26 Close 98.41
On Wednesday Dollar/Yen traded within narrow 45 pip range. The currency couple appreciated from 98.37 to 98.82 yesterday, not matching the negative money flow sentiment at almost -9%, closing the day at 98.41. This morning the Dollar bounced against the Yen, climbing from 98.26 to 99.13.
On the 1 hour chart quotes are moving within trading range, while on the 3 hour chart trading is held within wider trading scope. Break above today's top and nearest resistance 99.13 would encourage further recovery of the Dollar. Immediate support is today's bottom at 98.26, and consistent break below it could strengthen the Yen further down towards next target 97.74.
Today are Japan Nationwide and Tokyo CPIs, both at 23:30 GMT.
Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is neutral and hesitant, MACD is negative and tranquil, while CCI is in line with the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 99.13 100.00 100.80
Technical support levels: 98.26 97.37 96.55
Today so far +34 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 98.89 SL 99.15 TP 98.39, exit sent at 10:06 GMT+1.
Today so far +102, yesterday +53, as shown at our web site. Have a great day!
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