USD/JPY
Open 101.59
High 101.87
Low 101.36
Close 101.61
On Wednesday the USD/JPY increased with almost 45 pips. The currency couple appreciated from 101.43 to 101.87 yesterday, not matching the negative money flow sentiment at around -10%, closing the day at 101.61. This morning the dollar dropped further against the yen, reaching 101.36.
On the 1 hour chart quotes are heading for the lower limit of the range trading, while on the 3 hour chart trading is held within wider scope. Break above yesterday's top and nearest resistance 101.87 would encourage further recovery of the dollar. Immediate support is today's bottom at 101.36, and consistent break below it could strengthen the yen further down towards next target 100.48.
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: 101.87 102.74 103.57
Technical support levels: 101.36 100.48 99.55
Today so far +17 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 101.53 SL 101.79 TP 101.03, exit sent at 10:00 GMT+1.
Today so far +59, yesterday +99.