On the 1 hour chart new upward channel has formed, while on the 3 hour chart quotes are held within wide trading scope. Break above today's top and nearest resistance 99.91 would encourage further recovery of the Dollar. Immediate support is yesterday's bottom at 99.10, and consistent break below it could strengthen the Yen further down towards next target 98.21.
There are no major economic events for Japan today.
Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and hesitant, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1 hour chart, giving over all light long signals.
Technical resistance levels: 99.91 100.77 101.50
Technical support levels: 99.10 98.21 97.40
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