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iFOREX.bg USD/JPY Technical Analysis 18 July 2008
18-07-2008 - iForex.bg | General Overview
Rate this article: Previous Analysis | Next Analysis 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 in details at our web site.
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iForex.bg iFOREX.bg - Forex Daily and Evening forecasts, direct real time signal recommendations for entry and exit trading positions for EUR/USD, USD/JPY, GBP/USD and USD/CHF, and forex news.
...DISCLAIMER:
iFOREX Ltd. is in the business of teaching analysis of forex trends, and proposing potential trading signals - not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX Ltd. and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Our opinions are subject to change without notice. We strongly advise clients to conduct thorough research relevant to decisions and verify facts from various independent sources. The staff at iFOREX Ltd. is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX Ltd. employees.
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