|
Technical Analysis Daily: USD/JPY |
 |
 |
 |
|
Technical Archives |
Written by ZIFX.com |
Jan 06 09 05:05 GMT
|
Technical Analysis Daily: USD/JPY
USD/JPY 92.96
USD/JPY Open 93.22 High 94.03 Low 91.84 Close 93.40
Yesterday Dollar/Yen made another increasing movement as expected. The currency couple reached the long term targets 92.80 and 93.40, even reached a higher top at 93.57. We have a formed bullish price channel on the one hour chart. The signals remain upward, but the four hour CCI indicator is already in overbought zone and downwards, signaling for a potential decreasing correction scenario, and testing of the support levels 92.85 and 92.15. Immediate resistance is yesterday's top at 93.57. Break at that level could lead to another rise towards the region of 94.60.
Technical resistance levels: 94.60 95.55 96.80
Technical support levels: 92.85 92.15 91.00
Trading range: 93.75 - 94.40
Trend: Upward
Buy at 93.88 SL 93.58 TP 94.28
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 |
