Technical Analysis Daily

USD/JPY 103.06 - 9 May

USD/JPY Open 105.34 High 104.89 Low 102.82 Close 103.69

The downward trend of Japanese Yen against the US Dollar continued and the currency couple reached today 102.80, which is the first support for today. Next support downwards is expected 102.00, followed by 101.30. In upward direction resistance for the USD/JPY is expected at 104.75, followed by 105.60, and 106.40.

Technical resistance levels: 104.75 105.60 106.40
Technical support levels: 102.80 102.00 101.30

Trading range: 103.20 - 102.55
Trend: Downward
Sell at 103.06 SL 103.36 TP 102.66

iFOREX.bg Forecasts and Trading Signals
http://www.zifx.com