USD/JPY 94.10 - 20 February
USD/JPY Open 94.03 High 94.45 Low 93.31 Close 94.18
Yesterday Dollar/Yen continued their rising scenario. The currency couple made a top at 94.45 and closed at 94.21. Of the 4 hour chart there is a still a valid ascending channel. Fibonacci levels show us that currently USD/JPY is testing 38.4% in the region of 94.58 and forming a potential double top. In the near future signals remain upward. Break above 94.55 may cause further ascending scenario with testing of 96.50. The CCI indicator is about to break down the 100 line on the 4 hour chart, assuming potential downwards pressure.
Technical resistance levels: 94.45 95.65 96.50
Technical support levels: 93.30 92.15 91.30
Trading range: 94.20 - 93.60
Sell at 94.10 SL 94.40 TP 93.70
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