USD/JPY
Open 102.51
High 102.80
Low 102.26
Close 102.50
On Tuesday the USD/JPY increased with 30 pips. The currency couple appreciated from 102.26 to 102.56 yesterday, matching the positive money flow sentiment at around +15%, closing the day at 102.50. This morning the Dollar rose further against the Yen, reaching 102.80.
On the 1 hour chart the downward channel turned into range trading, while on the 3 hour chart quotes are back into the wider scope. Break above today's top and nearest resistance 102.80 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 102.26, and consistent break below it could strengthen the Yen further down towards next target 101.40.
Quotes are moving just above the 20 and 50 the 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, while CCI is in line with the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 102.80 103.67 104.50
Technical support levels: 102.26 101.40 100.57
Today so far +2 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 102.73 SL 102.47 TP 103.23, exit sent at 5:15 GMT+1.
Today so far +45, yesterday +53.