USD/JPY Appreciated To 101.92
ZIFX com | Nov 26, 2013 05:30AM ET
USD/JPY
Open 101.37
High 101.92
Low 101.12
Close 101.62
On Monday the USD/JPY increased with 80 pips. The currency couple appreciated from 101.12 to 101.92 yesterday, matching the positive money flow sentiment at around +17%, closing the day at 101.62. This morning the dollar is trading quietly against the yen, with movements at the lower half of yesterday's range for now.
On the 1 hour chart the upward channel looks good, while on the 3 hour chart quotes broke up of the trading scope. Break above yesterday's top and nearest resistance 101.92 would encourage further recovery of the dollar. Immediate support is yesterday's bottom at 101.12, and consistent break below it could strengthen the yen further down towards next target 100.24.
There are no major economic events for Japan today.
Quotes are moving below the 20 and in line with the 50 EMA on the 1 hour chart, indicating strong bullish pressure. The value of the RSI indicator is negative and hesitant, MACD is positive and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving over all long signals.
Technical resistance levels: 101.92 102.80 103.61
Technical support levels: 101.12 100.24 99.40
Today so far +13 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT Buy USD/JPY at 101.45 SL 101.19 TP 101.95, exit sent at 5:36 GMT.
Today so far +64, yesterday +55.
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