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Technical Major CurrenciesUSD/JPY
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U.S. Session
Normal expected fluctuation has been witnessed due to the extreme overbought reading on RSI 7 and RSI 14 but we noticed that the pair started to inch higher above our suggested entry point after rebounding quickly from 85.95. Our intraday bullish scenario remains intact as far as trading remains above 85.50 regions.
The trading range for today is among key support at 85.00 and key resistance at 87.45.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.
| Support | 86.10 | 85.90 | 85.55 | 85.25 | 85.00 |
| Resistance | 86.45 | 86.75 | 86.85 | 87.15 | 87.45 |
| Recommendation | Our morning expectations remain valid. | ||||
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