Technical Analysis Daily: USD/JPY

Daily Forex Technicals | Written by iFOREX.bg | Jul 25 08 11:04 GMT |

USD/JPY 107.37 USD/JPY Open 106.87 High 107.95 Low 106.58 Close 107.28 The US Dollar retrieved also against the Japanese Yen from yesterday's top 107.95 to today's bottom 106.58, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support further down is expected at 106.00, the break of which would open potential drop towards 105.50. In upward direction next resistance further up is expected at 108.90, followed by 109.50. Technical resistance levels: 107.95 108.90 109.50 Technical support levels: 106.60 106.00 105.50 Trading range: 107.50 - 106.85 Trend: Downward Sell at 107.37 SL 107.67 TP 106.97 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com