Technical Analysis Daily: USD/JPY

Daily Forex Technicals | Written by iFOREX.bg | Jul 24 08 10:51 GMT |

USD/JPY 107.60 USD/JPY Open 106.87 High 107.97 Low 107.14 Close 107.90 The US Dollar continued rising also against the Japanese Yen from yesterday's bottom 107.14 to today's top 107.97, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance further up is expected at 109.50, the break of which would open potential drop towards 110.20. In downward direction next support further down is expected at 105.45, followed by 104.80. Technical resistance levels: 108.00 108.90 109.50 Technical support levels: 107.15 106.40 105.55 Trading range: 107.50 - 108.10 Trend: Upward Buy at 107.60 SL 107.30 TP 108.00 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com