USD/JPY
Open 101.42
High 101.76
Low 100.80
Close 101.34
On Wednesday USD/JPY increased with 80 pips. The currency couple appreciated from 100.80 to 101.62 yesterday, not matching the negative money flow sentiment at almost -9%, closing the day at 101.34. This morning the dollar lifted further against the yen, reaching 101.76.
On the 1 hour chart the downward channel is on hold, while on the 3 hour chart quotes are testing the lower limit of the wider scope. Break above today's top and nearest resistance 101.76 would encourage further recovery of the dollar. Immediate support is yesterday's bottom at 100.81, and consistent break below it could strengthen the yen further down towards next target 99.94.
Quotes are moving above the crossing 20 and 50 the EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is negative and inclining upwards, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 101.76 102.63 103.47
Technical support levels: 100.81 99.94 99.10
Today so far +9 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 101.67 SL 101.41 TP 102.17, exit sent at 5:53 GMT+1.
Today so far +68, yesterday +153.