USD/JPY Open 102.15 High 102.27 Low 101.85 Close 102.13
On Monday dollar-yen traded within 40 pip range. The currency couple depreciated from 102.27 to 101.85 yesterday, matching the negative money flow sentiment at nearly -12%, closing the day at 102.13. This morning the dollar is trading quietly against the Yen, with movements at the lower half of yesterday's range for now.
On the 1-hour chart quotes are held within trading range, while on the 3-hour chart wider trading scope has formed. Break above yesterday's top and nearest resistance 102.27 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 101.85, and consistent break below it could strengthen the Yen further down towards next target 100.73.
Today is Japan Greenery Day.
Quotes are moving below the 20 and 50 the EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and hesitant, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 102.27 103.15 104.00
Technical support levels: 101.85 100.73 99.90
Today so far +8 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 102.04 SL 102.30 TP 101.54, exit sent at 8:20 GMT+1.
Today so far +157, yesterday +24, as shown at our web site. Have a great day!