USD/JPY Open 119.47 High 120.26 Low 118.79 Close 119.40
On Monday Dollar/Yen increased with 90 pips. The currency couple appreciated from 118.79 to 119.70 yesterday, matching the positive money flow sentiment at above +8%, closing the day at 119.40. This morning the Dollar lifted further against the Yen, reaching 120.26.
On the 1 hour chart wide range trading has taken shape, while on the 3 hour chart wide scope trading has also formed. Break above today's top and nearest resistance 120.26 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 118.79, and consistent break below it could strengthen the Yen further down towards next target 117.90.
Quotes are moving way above the crossing 20 and 50 EMA on the 1 hour chart, indicating strong bullish pressure. The value of the RSI indicator is positive and waiving, MACD is negative and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 120.26 121.15 122.00
Technical support levels: 118.79 117.90 117.04
Today so far +50 pips on USD/JPY today from the following signal:
5:30 GMT+1 Up USD/JPY at 119.53 Limit 119.27 Target 120.03, Target hit at 9:38 GMT+1.
Total today +210, last Thursday +154, as shown at the website. Have a great day!