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Technical Analysis Daily: USD/JPY |
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Technical Archives |
Written by ZIFX.com |
Jun 19 09 05:12 GMT
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Technical Analysis Daily: USD/JPY
USD/JPY 97.09
USD/JPY Open 96.57 High 97.17 Low 95.65 Close 96.50
Dollar/Yen made an upward correction yesterday. On the 1 hour chart can be seen that the currency couple is now testing the 49.8% Fibonacci level of the of 98.50 - 95.60 movement at 97.15. Earlier this morning the quotes broke the 37.8% level in the region of 97.00. So far this upward movement is normal, but a break above 97.20 may trigger further increasing impulse. Immediate support is yesterday's bottom 95.65. The nearest resistance is today's top at 97.15. The CCI indicator is in the neutral zone of the 1 and 4 hour charts.
Technical resistance levels: 97.15 98.25 99.50
Technical support levels: 95.65 94.50 93.45
Trading range: 96.20 - 96.55
Trend: Downward
Buy at 97.09 SL 96.39 TP 96.69

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