: Open 90.97 High 91.41 Low 90.74 Close 91.05
On Wednesday Dollar/Yen increased with almost 70 pips. The currency couple appreciated from 90.74 to 91.41 yesterday, matching the positive money flow sentiment at around +18%, closing the day at 91.05. This morning the Dollar is trading quietly against the Yen, with movements at the lower end of yesterday's range for now.
On the 1 hour chart the upward channel has resumed, while on the 3 hour chart the upward channel is intact. Break above yesterday's top and nearest resistance 91.41 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 90.74, and consistent break bellow it could strengthen the Yen further down towards next target 89.85.
Today is Japan Unemployment at 23:50 GMT.
Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 91.41 91.30 92.09
Technical support levels: 90.74 89.85 89.00
Today so far +21 pips profit/loss on today from the following sent to clients only signal:
5:15 GMT Buy at 90.85 SL 90.59 TP 91.35, exit sent at 10:04 GMT.
Today so far +104, yesterday +197, as shown at our web site. Have a great day!USD/JPY
Chart" title=" Chart" />
ZIFX.com, represented and managed by iFOREX Ltd., is in the business of teaching analysis of forex trends, and proposing potential trading signals - not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX Ltd. and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Our opinions are subject to change without notice. We strongly advise clients to conduct thorough research relevant to decisions and verify facts from various independent sources. The staff at iFOREX Ltd. is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX Ltd. employees.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.