USD/JPY 117.28 - 11 October

Technical Analysis Daily


USD/JPY 117.28 - 11 October

USD/JPY Open 117.14 High 117.52 Low 116.94 Close 117.20

The Dollar/Yen couple remains in narrow range and its movements were bigger in the crosses with other currencies. First resistance level for today again is the top from 8 October 117.60, followed by 118.32 - 50.3% Fibonacci of the long term drop from 134.90 to 101.78, and 119.18 - 200 day MA. In downward direction first level of support to overcome is yesterday's bottom 116.80, followed by 116.31 - 55 day MA, and 115.93 - a 21 day MA.

Technical resistance levels: 117.60 118.32 119.18
Technical support levels: 116.80 116.31 115.93

Trading range: 117.15 - 117.90
Trend: Upward
Buy at 117.28 SL 116.98 TP 117.78

By: iFOREX.bg


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