ActionForex.com
Feb 08 08:25 GMT
English Arabic Chinese (Simplified) French German Japanese Portuguese Spanish

Sponsors

Forex Expos

Technical Analysis Daily: USD/JPY PDF Print E-mail
Technical Archives | Written by ZIFX.com | Jun 19 09 05:12 GMT

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

iFOREX.bg Forecasts and Trading Signals
http://www.zifx.com

 

About the Author

ZIFX.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

Facebook MySpace Twitter Digg Delicious Google Bookmarks 

Forex Brokers

ActionForex.com © 2012 All rights reserved.