Technical Analysis Daily

USD/JPY 105.14 - 15 May

USD/JPY Open 104.98 High 105.42 Low 104.57 Close 104.68

The US Dollar rose sharply against the Japanese Yen, reaching 105.45, which is the first resistance for the currency couple today. Next resistance further up is expected at 106.00, followed by 106.70. In downward direction first support for today is expected at yerterday's bottom 104.55. Next support downwards is expected at 103.45, followed by 102.60.

Technical resistance levels: 105.45 106.00 106.70
Technical support levels: 104.55 103.45 102.60

Trading range: 105.25 - 104.60
Trend: Downward
Sell at 105.14 SL 105.44 TP 104.74

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