Technical Analysis Daily: USD/JPY

Daily Forex Technicals | Written by iFOREX.bg | Apr 03 09 10:30 GMT |

USD/JPY 100.06 USD/JPY Open 99.56 High 100.16 Low 98.40 Close 99.50 Dollar/Yen also made upward movement on Thursday. Signals remain upward in the short term. On the daily chart the currency couple is moving around a double top formation in the region of 100.16. Break of this level upwards will lead USD/JPY to significant ascending scenario with objectives towards the region of 101.30 and 102.55. Immediate support is seen at 99.10. The CCI indicator is about to cross up the 100 line on the 1 hour chart, assuming potential upward momentum. Technical resistance levels: 100.15 101.30 102.55 Technical support levels: 99.10 98.25 97.40 Trading range: 100.20 - 99.55 Trend: Downward Sell at 100.06 SL 100.36 TP 99.66 iFOREX.bg Forecasts and Trading Signals http://www.zifx.com