Daily Forex Technicals | Written by iFOREX.bg | Oct 13 08 10:43 GMT |
USD/JPY 100.31
USD/JPY Open 100.57 High 101.09 Low 97.88 Close 100.23
The US Dollar climbed significantly on Friday against the Japanese Yen from Friday's bottom 97.88 to this morning's top 101.09, which are the first support and resistance levels respectively for the currency couple today. If the positive trend of the currency couple continues, as we expect for the moment, next resistance further up is expected at 101.85, the break of which would open potential rise towards 102.70. In downward direction next support further down is expected at 97.15, followed by 96.30.
Technical resistance levels: 101.10 101.85 102.70
Technical support levels: 97.90 97.15 96.30
Trading range: 100.20 - 100.85
Trend: Upward
Buy at 100.31 SL 100.01 TP 100.71
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Monday, October 13, 2008
Technical Analysis Daily: USD/JPY
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