iforex.bg

Technical Analysis Daily
USD/JPY 108.07 - 17 June

USD/JPY Open 108.15 High 108.57 Low 107.60 Close 108.18
Although the US Dollar continued climbing against the Japanese Yen, the uptrend was stopped at yesterday's top at 108.55 from where the currency couple started descending down to today's bottom 107.60, which are the first resistance and support levels respectively for the USD/JPY today. From this morning's bottom the US Dollar started its recovery but in general the trend today is neutral. If the positive trend continues, next resistance further up is expected at 109.10, the break of which would open potential climb towards 110.00. In downward direction next support is expected at 107.00, followed by 106.00.

Technical resistance levels: 108.55 109.10 110.00
Technical support levels: 107.60 107.00 106.00
Trading range: 107.95 - 108.600
Trend: Upward
Buy at 108.07 SL 107.77 TP 108.47