Current price levels are still located above the moving averages with periods of 34, 55, 89 and 144, which is directed upwards and point to the continuing bullish sentiment.
The MACD histogram is located in the positive zone, but has crossed its signal line from the top down, continues to gradually decline, and thus formed a signal to sell the dollar / yen.
Stochastic Oscillator out of the overbought zone and formed the same signal as the% K line began to fall below the% D.
Therefore, just as yesterday, we expect that the correction will continue and increase, if it is punctured by the level of support 91.30, which could open the way for the bears to the levels of 90.80 and 90.40.
Levels of resistance: 92.00/10, 92.50, 92.70, 93.00
Current price: 91.95
Support levels: 91.70, 91.50, 91.00, 90.70, 90.50, 90.20/00
Related posts:
- The second week of trading on the dollar / franc did not go far beyond the price range 1.0030-1.0110
- Slowly but surely, the U.S. dollar strengthened against the Japanese yen
- Growth of dollar / yen has slowed down near the level of 92.20
- The dollar / franc.Trades still held in the range of 1.0240-1.0350
- The Growth of dollar / yen may continue to levels of 91.60 and 92.50
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