USD/JPY Open 90.13 High 92.89 Low 90.55 Close 90.35
The Yen continues to climb against the Dollar. After finding resistance at the levels around 94.15, which is a 50 period average sliding resistance, currently the USD/JPY is 90.15. Currently we have a three black crows configuration, with decreasing potential. The target is 88.40 followed by 86.70. In intraday plan we can be expect testing of the levels around 90.60. The CCI indicator crossed up the 100 line on the one hour chart, indicating the potential pressures in ascending direction in the short term.
Technical resistance levels: 91.60 92.30 93.65
Technical support levels: 90.40 89.50 88.55
Trading range: 90.25 - 89.65
Sell at 90.15 SL 90.45 TP 89.75