USD/JPY
Open 101.92
High 102.31
Low 101.73
Close 101.90
On Wednesday the USD/JPY decreased with 40 pips. The currency couple depreciated from 102.31 to 101.87 yesterday, not matching the positive money flow sentiment at above +6%, closing the day at 101.90. This morning the dollar descended slightly further against the yen, reaching 101.73.
On the 1 hour chart quotes are back into the range trading, while on the 3 hour chart trading is held within wider scope. Break above today's top and nearest resistance 102.31 would encourage further recovery of the dollar. Immediate support is today's bottom at 101.73, and consistent break below it could strengthen the yen further down towards next target 100.85.
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 calm, MACD is thinly positive and declining, while CCI has crossed down the 100 line on the 1 hour chart, giving over all short signals.
Technical resistance levels: 102.31 103.20 104.05
Technical support levels: 101.73 100.85 100.00
Today so far +18 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 101.91 SL 102.17 TP 101.41, exit sent at 8:00 GMT+1.
Today so far +144, yesterday +96.