25 august, 12:20USD/JPY. Forex technical analysis
At the auctions on Friday on August, 22nd the American dollar has become stronger in relation to the Japanese yen more than on 150 points. By the end of the quotation trading day have reached level of resistance of 110 yens for dollar. Today the auctions pass in frameworks of a price range 109.80-110.30. Averages 144, 34 and 89 are the nearest levels of support of 109.80 and 109.60/50. Histogram MACD specifies in possible correction after prompt growth of dollar on Friday.
Despite possible correction, at traders reference points on bying on given currency pair which can amplify in case of breakdown resistance level 110.60 remain. As opening of new orders probably in case of a release from more low specified support levels.
Resistance levels: 110.00/10 110.40/50, 111.00, 111.20, 111.50, 112.00, 112.50 112.90/113.00
Current price: 109.92
Support levels: 109.80 109.60/50, 109.25, 109.00, 108.80, 108.60, 108.40, 108.20, 108.00