USD/JPY
Open 103.62
High 103.94
Low 103.08
Close 103.64
On Tuesday the USD/JPY continued increasing with 60 pips. The currency couple appreciated from 103.08 to 103.72 yesterday, matching the positive money flow sentiment at around +21%, closing the day at 103.64. This morning the dollar lifted further against the Yen, reaching 103.94.
On the 1 hour chart quotes are breaking up of the trading range, while on the 3 hour chart wider trading scope has formed. Break above today's top and nearest resistance 103.94 would encourage further recovery of the dollar. Immediate support is yesterday's bottom at 103.08, and consistent break below it could strengthen the Yen further down towards next target 102.20.
There are no major economic events for Japan today.
Quotes are moving above the 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 positive and inclining upwards, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 103.94 104.82 105.67
Technical support levels: 103.08 102.20 101.36
Today so far +3 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 103.84 SL 103.58 TP 104.34, exit sent at 5:15 GMT+1.
Today so far +50, yesterday +102.