USD/JPY
Open 102.18
High 102.37
Low 101.42
Close 102.10
On Monday the USD/JPY increased with 45 pips. The currency couple appreciated from 101.78 to 102.23 yesterday, not matching the negative money flow sentiment at under -7%, closing the day at 102.10. This morning the dollar lifted slightly further against the yen, reaching 102.37.
On the 1 hour chart quotes are moving within trading range, while on the 3 hour chart trading is held within wider scope. Break above today's top and nearest resistance 102.37 would encourage further recovery of the dollar. Immediate support is yesterday's bottom at 101.42, and consistent break below it could strengthen the yen further down towards next target 100.55.
Quotes are moving above the widened 20 and 50 the EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is positive and hesitant, MACD is positive and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 102.37 103.24 104.08
Technical support levels: 101.42 100.55 99.70
Today so far +13 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 102.24 SL 101.98 TP 102.74, exit sent at 9:52 GMT+1.
Today so far +56, yesterday +66, as shown at our web site.