USD/JPY Open 94.01 High 94.53 Low 93.73 Close 93.78
Dollar appreciated insignificantly against the Yen on Friday, in converse with the Interbank sentiment at around -31%. On Friday the currency couple increased from 93.92 to 94.53, closing the week at 93.78. The currency couple today is making further rising efforts. Break above the nearest 94.53 resistance and Friday’s top would support further bullish outlook. Immediate support is this morning’s bottom at 93.73, and consistent break bellow it could strengthen the Yen further towards next objective 93.03. Today is Japan Constitution Day. Quotes are moving in line with the 20 and 50EMA on the 1 hour chart, indicating neutral market. The value of the RSI indicator is positive and calm, MACD is just under zero and is quiet, while CCI is under the 100 line and is calm too on the 1 hour chart, giving overall neutral signals.
Technical resistance levels: 94.46 95.21 96.00
Technical support levels: 93.73 93.03 91.66
Trading range: 93.80 – 94.45
Trend: Upward
Buy at 93.91 SL 93.61 TP 94.31
Written by iFOREX.bg
