On Friday Dollar/Yen continued increasing with 100 pips. The currency couple appreciated from 98.45 to 99.46 on Friday, matching the positive money flow sentiment at around +23%, closing the week at 99.10. This morning the Dollar pushed further up against the Yen, reaching 99.72.
On the 1 hour chart the downward channel has turned into range trading, while on the 3 hour chart quotes are held within wide trading scope. Break above today's top and nearest resistance 99.72 would encourage further recovery of the Dollar. Immediate support is Friday's bottom at 98.45, and consistent break below it could strengthen the Yen further down towards next target 97.56.
There are no major economic events for Japan today.
Quotes are moving above the widened 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and calm, MACD is positive and tranquil too, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 99.72 100.60 101.39
Technical support levels: 98.45 97.56 96.75
Today so far +44 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 99.29 SL 99.03 TP 99.79, exit sent at 8:32 GMT+1.
Today so far +103, on Friday +140, as shown at our web site. Have a great day!
USD/JPY Chart" title="USD/JPY Chart">
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USD/JPY Rises Further, Approaching 100
Published 07/01/2013, 05:22 AM
Updated 01/01/2017, 02:20 AM
USD/JPY Rises Further, Approaching 100
USD/JPY Open 99.38 High 99.72 Low 98.45 Close 99.10
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