- Open 97.73
- High 97.86
- Low 97.18
- Close 97.48
On Friday USD/JPY traded within narrow 60 pip range. The currency couple appreciated from 97.18 to 97.78 on Friday, matching the neutral money flow sentiment at nearly +5%, closing the week at 97.48. This morning the dollar lifted slightly further against the yen, reaching 97.86.
On the one-hour chart the downward channel is on hold, while on the three-hour chart trading is held within wide trading scope. Break above today's top and nearest resistance 97.86 would encourage further recovery of the dollar. Immediate support is Friday's bottom at 97.18, and consistent break below it could strengthen the yen further down towards next target 96.30.
There are no major economic events for Japan today.
Quotes are moving just above the 20 and in line with the 50 EMA on the one-hour chart, indicating short term slim bullish and medium term neutral pressure. The value of the RSI indicator is neutral and calm, MACD is neutral and tranquil too, while CCI has crossed up the 100 line on the one-hour chart, giving over all neutral signals.
- Technical resistance levels: 97.86 98.75 99.56
- Technical support levels: 97.18 96.30 95.50
Today so far +21 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Buy USD/JPY at 97.57 SL 97.31 TP 98.07, exit sent at 7:40 GMT+1.
Today so far +68, on Friday +127.
USD/JPY: 1 Hour" title="USD/JPY Chart">