Technical Analysis Daily: USD/JPY

USD/JPY 107.73

USD/JPY Open 106.87 High 107.87 Low 106.11 Close 107.29

The US Dollar also started rising yesterday against the Japanese Yen from Tuesday's bottom 106.11 to today's top 107.87, 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 109.50, the break of which would open potential drop towards 110.20. In downward direction next support further down is expected at 105.45, followed by 104.80.

Technical resistance levels: 108.90 109.50 110.20
Technical support levels: 106.10 105.45 104.80

Trading range: 107.60 - 108.25

Trend: Upward

Buy at 107.73 SL 107.43 TP 108.13

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