Daily Forex Technicals | Written by iFOREX.bg | Aug 05 08 11:17 GMT |
USD/JPY 107.77
USD/JPY Open 107.65 High 108.29 Low 107.50 Close 107.46
The US Dollar climbed insignificantly yesterday against the Japanese Yen from Monday's bottom 107.50 to today's top 108.29, 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 108.90, the break of which would open potential rise towards 109.50. In downward direction next support further down is expected at 106.75, followed by 106.00.
Technical resistance levels: 108.30 108.90 109.50
Technical support levels: 107.50 106.75 106.00
Trading range: 107.65 - 108.30
Trend: Upward
Buy at 107.77 SL 107.47 TP 108.17
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