USD/JPY Bounces Up On Kudora's Comments
ZIFX com | May 15, 2014 05:27AM ET
Open 101.82
High 102.12
Low 101.65
Close 101.87
On Wednesday the USD/JPY decreased with 55 pips. The currency couple depreciated from 102.27 to 101.71 yesterday, matching the negative money flow sentiment at under -9%, closing the day at 101.87. This morning the dollar dropped first to 101.65, than pushed slightly up against the yen, reaching 102.12.
On the 1 hour chart quotes are moving within trading range, while on the 3 hour chart trading is held within wider scope. Break above today's top and nearest resistance 102.12 would encourage further recovery of the dollar. Immediate support is today's bottom at 101.65, and consistent break below it could strengthen the yen further down towards next target 100.77.
Quotes are moving just below the crossing 20 and 50 the EMA on the 1 hour chart, indicating slim bearish pressure. The value of the RSI indicator is neutral and hesitant, MACD is thinly negative and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light short signals.
Technical resistance levels: 102.12 103.15 104.00
Technical support levels: 101.65 100.77 99.94
Today so far +3 pips profit/loss on USD/JPY today from the following sent to clients only signal:
5:15 GMT+1 Sell USD/JPY at 101.85 SL 102.11 TP 101.35, exit sent at 5:17 GMT+1.
Today so far +145, yesterday +117, as shown at our web site. Have a great day!
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