MBA
LAW
LANGUAGES

New York 2:53 pm London 7:53 pm Zurich 8:53 pm Dubai 10:53 pm Shanghai 2:53 am Tokyo 3:53 am

Pair Menu

Select Pair

Forex Search

Search by Providers »

Global Interest Rates
Australia	7.25%
Canada	3%
EMU	4%
Japan	0.5%
Swiss	2.75%
England	5%
US	2%

Data by fxstreet.com

Forex News
Subscribe Now

Technicals

Forex Center > News > Technicals

USD/JPY Technical Analysis 18 July 2008

18 Jul, 2008 @ 06:46 am EST

Comments 0
0
Votes ?

EMAIL
PRINT
TEXT SIZE : A A A

More USD/JPY

USD/JPY 106.27 - 18 July

USD/JPY Open 106.22 High 107.06 Low 104.75 Close 106.31

The US Dollar climbed significantly yesterday against the Japanese Yen from yesterday's bottom 104.75 to the top 107.06, which are the first support and resistance levels respectively for the currency couple today. If the positive trend continues, next resistance further up is expected at 107.70, the break of which would open potential rise towards 108.55. In downward direction next support is expected at 103.15, followed by 102.50.

Technical resistance levels: 107.05 107.70 108.55

Technical support levels: 103.75 103.15 102.50

Trading range: 106.15 - 106.80

Trend: Upward

Buy at 106.27 SL 105.97 TP 106.67

Already made +28 pips profit on USD/JPY today from the following signal:

6:00 GMT+1 Buy USD/JPY at 106.19 SL 105.93 TP 106.69 exited at 9:11 GMT+1.

Total today +106, yesterday +138, as shown at www.zifx.com/performance.php