- Open 87.67
- High 88.33
- Low 86.75
- Close 87.21
On Thursday Dollar/Yen resumed increasing with 100 pips. The currency couple appreciated from 86.75 to 87.78 yesterday, matching the positive money flow sentiment at around +23%, closing the day at 87.21. This morning the Dollar lifted further against the Yen, reaching 88.33.
On the one-hour chart the upward channel looks good, while on the three-hour chart the upward channel is intact. Break above today's top and nearest resistance 88.33 would encourage further recovery of the dollar. Immediate support is yesterday's bottom at 86.75, and consistent break bellow it could strengthen the Yen further down towards next target 85.85.
There are no major economic events for Japan today.
Quotes are moving above the 20- and 50-EMA on the one-hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the one-hour chart, giving over all light long signals.
- Technical resistance levels: 88.33 89.20 90.00
- Technical support levels: 86.75 85.85 85.00
Today so far +34 pips profit/loss on USD/JPY today from the following sent to clients only signal:
7:44 GMT Buy USD/JPY at 87.99 SL 87.73 TP 88.49, exit sent at 9:07 GMT.
Today so far +137, yesterday +167, as shown at our web site. Have a great day!
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