Technical Analysis for Major Currencies
EURO/USD
USD/JPY
The Japanese yen moved up yesterday to stop at 115.30s resistance level since it couldn't brake out the 114.40s support level, which is critical support. Today we expect Japanese Yen to reach again to 114.40s support level.
The general trend is supposed to be down so far.
The key resistance for the Japanese yen will be at 119.60s and key support is at 114.30.
Support: 114.80, 114.65, 114.43, 114.21, 113.94
Resistance: 115.05, 115.22, 115.48, 115.73, 115.94
Recommendation: we expect Selling USD/JPY below 115.05 with a target at 114.50 and stop loss above 115.65.
Technical Analysis for the other Major Currencies