Technical Analysis Daily

USD/JPY 106.71 - 4 July

USD/JPY Open 106.07 High 106.90 Low 105.80 Close 106.71

The US Dollar rose significantly yesterday against the Japanese Yen from yesterday's bottom 105.80 to the top 106.90, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance further up is expected at 107.45, the break of which would open potential rise towards 108.00. In downward direction next support is expected at 105.00, followed by 104.50.

Technical resistance levels: 106.90 107.45 108.00
Technical support levels: 105.80 105.00 104.50

Trading range: 106.60 - 107.15
Trend: Upward
Buy at 106.71 SL 106.41 TP 107.01

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