|
Technical Analysis Daily: USD/JPY |
 |
 |
 |
|
Technical Archives |
Written by ZIFX.com |
Jan 19 10 04:57 GMT
|
Technical Analysis Daily: USD/JPY
USD/JPY 90.55
USD/JPY Open 90.72 High 91.05 Low 90.35 Close 90.76
Dollar/Yen climbed on Monday to the 91.05 top, where the ascending momentum was limited, and the currency couple continued dropping down to 90.58, closing the day at 90.76. On the 3 hour chart quotes are testing the lower limit of the upward channel, while on the 1 hour chart we see a smaller downward channel taking shape. Consistent movement bellow the nearest support at 90.35 may trigger stronger bearish impulse with targets towards 89.50, while increase above 91.05 might renew the bullish perspective in the medium term with possible test of 92.00. 20 and 50 EMA remain above current prices which indicates bearish potential. RSI, CCI and MACD indicators are positive on the 1 hour chart, supporting the current upward impulse.
Technical resistance levels: 91.05 92.00 92.82
Technical support levels: 90.35 89.50 88.62
Trading range: 90.45 - 91.05
Trend: Upward
Buy at 90.55 SL 90.25 TP 90.95
iFOREX.bg Forecasts and Trading Signals
http://www.zifx.com
|
About the AuthorZIFX.com is managed by iFOREX Ltd. and it is in the business of teaching analysis of forex trends, and proposing potential trading signals - not recommendations. All statements and expressions are the opinion of the forex experts at ZIFX.com and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Our opinions are subject to change without notice. We strongly advise clients to conduct thorough research relevant to decisions and verify facts from various independent sources. The staff at ZIFX.com is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of ZIFX.com employees.
ZIFX.com |
