iforex.bg

USD/JPY 106.65 - 28 January
USD/JPY Open 107.13 High 107.87 Low 105.97 Close 106.63

Support for the US Dollar against the Japanese Yen is last Thursday's bottom 105.85, after which comes the two and a half year bottom at 105.05, followed by the bottom from May 2005 at 104.30. Resistance is expected at the bottom from 4 January 107.85, which still appears as difficult to overcome. Further up is 108.85, which is 75.8% correction of the drop 110.05 - 105.05, and the top 110.00.
Technical resistance levels: 107.85 108.80 110.00
Technical support levels: 105.85 105.05 104.30

Trading range: 106.75 - 106.05
Trend: Downward
Sell at 106.65 SL 106.95 TP 106.15