Technical Analysis Daily: USD/JPY

Daily Forex Technicals | Written by iFOREX.bg | Feb 19 09 11:10 GMT |

USD/JPY 93.60 USD/JPY Open 93.62 High 93.87 Low 92.10 Close 93.76 Dollar/Yen did not make significant movement yesterday, having tried to do correct upwards after the second test of 93.20, but expectations are for a break of the resistance level 94.00, and reaching 94.50, after which the couple may return to the 91.15 level, if the currency couple fails to hold above 94.00. Today BOJ decided to keep the main interest rate unchanged at 0.10 percent, as expected. Later today will be announced BOJ's monthly economic report. Technical resistance levels: 994.00 95.05 94.50 Technical support levels: 92.10 91.15 90.30 Trading range: 93.50 - 94.10 Trend: Upward Buy at 93.60 SL 93.30 TP 94.00 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com