USD/JPY Open 92.24 High 92.32 Low 91.57 Close 92.22
On Monday Dollar/Yen decreased down to 91.57, from where renewed its upward trend to 92.29, closing the day at 92.22. Signals are expected to be rising for now, but any bearish correction should not come unexpected. On the 1 hour chart 92.35 is a key resistance, the break of which may lead to stronger upward momentum towards 93.50. Immediate support is yesterday’s bottom at 91.55. Break under this level may threaten the bullish trend and weaken the Dollar down towards 90.55 against the Yen. The CCI indicator is neutral on the 1 hour chart, suggesting calm trading.
Technical resistance levels: 92.35 93.50 94.55
Technical support levels: 91.55 90.55 89.45
Trading range: 91.70 – 92.35
Trend: Upward
Buy at 91.84 SL 91.54 TP 92.24
Already made +6 pips profit on USD/JPY today from the following signal:
5:36 GMT+1 Buy USD/JPY at 92.11 SL 91.85 TP 92.61 exited at 5:52 GMT.
Total today +116, yesterday +113, as shown in details here.
Disclaimer: Please note that our technical analysis is not daily/evening forecast, neither a trading signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view.
Written by iFOREX.bg
