Daily Forex Update: USD/JPY

Daily Research Image20100616dailyfximage.png

Chart Date Range: 10-Jun 12:15 GMT-> 15-Jun 11:30 GMT  

Data Interval: 15 Minutes

USD/JPY  1 hour

Summary

Target Level

 

91.58

Target Period

 

1 hour

Stop Level

 

91.07


Analysis
Channel Down identified at 15-Jun 09:00 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 91.58 within the next 1 hour.

Supporting Indicators
Upward sloping Moving Average

Resistance Levels

(G)

92.11

 

Last resistance turning point of Channel Up.

(D)

91.58

 

Last resistance turning point of Channel Down.

(B)

91.38

 

Last resistance turning point of Channel Down.


Support Levels

(A)

91.07

 

Last support turning point of Channel Down.

 

  • 15 June |
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