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Feb 13, 2012 12:11AM GMT
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USD/JPY Technical Analysis 6 January 2009
By ZIFX.com | Forex Technical Analysis | Jan 06, 2009 12:00AM GMT
USD/JPY 92.96 - 6 January
USD/JPY Open 93.22 High 94.03 Low 91.84 Close 93.40
Yesterday Dollar/Yen made another increasing movement as expected. The currency couple reached the long term targets 92.80 and 93.40, even reached a higher top at 93.57. We have a formed bullish price channel on the one hour chart. The signals remain upward, but the four hour CCI indicator is already in overbought zone and downwards, signaling for a potential decreasing correction scenario, and testing of the support levels 92.85 and 92.15. Immediate resistance is yesterday's top at 93.57. Break at that level could lead to another rise towards the region of 94.60.
Technical resistance levels: 94.60 95.55 96.80
Technical support levels: 92.85 92.15 91.00
Trading range: 93.75 - 94.40
Trend: Upward
Buy at 93.88 SL 93.58 TP 94.28
Already made +8 pips profit on USD/JPY today from the following signal:
5:50 GMT Buy USD/JPY at 93.07 SL 92.81 TP 93.57 exited at 5:56 GMT.
Total today +172, yesterday +114, as shown in details at our web site.
USD/JPY Open 93.22 High 94.03 Low 91.84 Close 93.40
Yesterday Dollar/Yen made another increasing movement as expected. The currency couple reached the long term targets 92.80 and 93.40, even reached a higher top at 93.57. We have a formed bullish price channel on the one hour chart. The signals remain upward, but the four hour CCI indicator is already in overbought zone and downwards, signaling for a potential decreasing correction scenario, and testing of the support levels 92.85 and 92.15. Immediate resistance is yesterday's top at 93.57. Break at that level could lead to another rise towards the region of 94.60.
Technical resistance levels: 94.60 95.55 96.80
Technical support levels: 92.85 92.15 91.00
Trading range: 93.75 - 94.40
Trend: Upward
Buy at 93.88 SL 93.58 TP 94.28
Already made +8 pips profit on USD/JPY today from the following signal:
5:50 GMT Buy USD/JPY at 93.07 SL 92.81 TP 93.57 exited at 5:56 GMT.
Total today +172, yesterday +114, as shown in details at our web site.
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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
CFDs Quotes
| SPX 500 Futures | 1346.75 | +6.25 | +0.47% | |||
| NQ 100 Futures | 2558.90 | +10.40 | +0.41% | |||
| US 30 | 12801.23 | -89.23 | -0.69% | |||
| DAX | 6692.96 | -95.84 | -1.41% | |||
| UK 100 | 5852.39 | -43.08 | -0.73% | |||
| Japan 225 | 8975.50 | +28.33 | +0.32% | |||
| US Dollar Index | 78.92 | -0.19 | -0.24% |
CFDs Quotes
| Gold | 1729.25 | +3.95 | +0.23% | |||
| Silver | 33.843 | +0.239 | +0.71% | |||
| Copper | 3.887 | +0.025 | +0.65% | |||
| Crude Oil | 99.75 | +0.72 | +0.73% | |||
| Natural Gas | 2.430 | -0.046 | -1.86% | |||
| US Cotton No.2 | 91.03 | +0.65 | +0.72% | |||
| US Coffee C | 218.60 | +0.00 | +0.00% |
CFDs Quotes
| Euro Bund | 138.66 | +1.41 | +1.03% | |||
| Italian Govt. B. | 102.45 | -1.63 | -1.57% | |||
| Euro BOBL | 125.23 | +0.71 | +0.57% | |||
| UK Gilt | 115.78 | +1.13 | +0.99% | |||
| US 2 YR T-Note | 110.26 | -0.02 | -0.02% | |||
| US 10 YR T-Note | 131.13 | -0.08 | -0.06% | |||
| US 30 YR T-Bond | 142.30 | -0.13 | -0.09% |
Recent Activity
Central Banks Rates
| Central Banks | Interest Rates | Next Meeting | |||
|---|---|---|---|---|---|
| FED | 0.00%-0.250% | 03/13/12 | |||
| ECB | 1.000% | 03/08/12 | |||
| BOE | 0.500% | 03/08/12 | |||
| SNB | 0.000% | 03/15/12 | |||
| RBA | 4.250% | 03/06/12 | |||
| BOC | 1.000% | 03/08/12 | |||
| RBNZ | 2.500% | 03/07/12 | |||
| BOJ | 0.100% | 02/14/12 | |||
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