Technical Analysis Daily

Daily Forex Technicals | Written by iFOREX.bg | Dec 11 08 11:24 GMT |

USD/JPY 92.26 - 11 December USD/JPY Open 92.82 High 92.89 Low 91.93 Close 92.74 As expected, Dollar/Yen made a rising movement yesterday. The currency pair reached a peak at 93.03 and closed the day at 92.75. The descending channel was penetrated upwards. However, the ascending impulse seems rather limited for now, as the pair traded at lower levels during the Asian session than yesterday. Currently the signals are descending in the short term. Immediate resistance is yesterday's top 93.00. The nearest support is 91.80. The CCI is in downward direction towards the 100 line on the four hour chart, assuming potential decreasing pressure. Technical resistance levels: 93.00 93.55 94.65 Technical support levels: 91.80 91.10 90.30 Trading range: 92.40 - 92.75 Trend: Downward Sell at 92.26 SL 92.56 TP 91.86 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com