USD/JPY Open 89.22 High 90.05 Low 88.31 Close 89.08
Dollar/Yen made a moderate upward correction yesterday. The currency pair climbed up to the top 89.67 and closed the day at 89.08. Besides the CCI indicator, divergence is observed in the 4 hour chart, the broken bearish channel and the passage over the 100 line should support the prospects for an increase. In the short term signals remain rising, with objectives towards the region of 90.80. On the daily chart the CCI indicator has just over the 100 line, assuming potential upward perspective.
Technical resistance levels: 90.05 90.90 91.80
Technical support levels: 88.15 87.10 85.95
Trading range: 88.90 - 89.55
Buy at 89.01 SL 88.71 TP 89.41