USD/JPY Daily Technical Forex
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USD/JPY Daily Technical Forex
Thu, Apr 24 2008, 09:09 GMT
by Timothy Straiton
Current level at 11:08 CET is 103.76, 0.3 percent higher than yesterday compared with gains in other US$ crosses of up to 0.85 percent. It appears that the JPY is gradually showing signs of stability across the board. Pivot point related resistance levels for today are set at 103.88 and then 104.35. Todays pivot point is at 103.31 with support levels at 102.84 and then 102.28. The daily outlook remains constructive with Bollinger and standard error bands poised to the upside. The daily Ichimoku cloud top is at 103.13 while the hourly value is at 103.35.
Published on Thu, Apr 24 2008, 09:10 GMT
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