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Technical Analysis Daily: USD/JPY |
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Technical Archives |
Written by ZIFX.com |
Jun 15 09 05:07 GMT
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Technical Analysis Daily: USD/JPY
USD/JPY 98.23
USD/JPY Open 98.44 High 98.57 Low 97.35 Close 98.40
Dollar/Yen ascended on Friday. On the 1 hour chart the triangle formed was penetrated upwards, assuming future bullish movement continuation. Good resistance is represented by the 98.70 level. Break above this level may trigger further bullish momentum towards next objective 99.80. Immediate support is seen in 97.90. The CCI indicator has crossed up the 100 line on the 1 hour chart, assuming potential ascending pressure.
Technical resistance levels: 98.70 99.80 101.00
Technical support levels: 97.90 96.00 95.85
Trading range: 98.35 - 98.70
Trend: Downward
Sell at 98.23 SL 98.53 TP 97.83
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