USD/JPY
Open 101.84
High 102.01
Low 101.42
Close 101.89
On Wednesday USD/JPY increased with 55 pips. The currency couple appreciated from 101.42 to 102.01 yesterday, not matching the negative money flow sentiment at under -7%, closing the day at 101.89. This morning the dollar is trading quietly against the Yen, with movements at the upper end of yesterday's range for now.
On the 1 hour chart quotes are heading for the lower limit of the trading range, while on the 3 hour chart trading is held within wider scope. Break above yesterday's top and nearest resistance 102.42 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.
There are no major economic events for Japan today.
Quotes are moving in line with the even 20 and 50 the EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is neutral 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: 102.01 102.90 103.74
Technical support levels: 101.42 100.55 99.70
Today so far +15 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 101.84 SL 102.10 TP 101.34, exit sent at 7:08 GMT+1.
Today so far +70, yesterday +51.