Forex Trading : USD/JPY (USDJPY) Daily Technical Analysis

Last Updated (Wednesday, 17 March 2010 14:15) GMT

USD/JPY Hourly Chart

USD/JPY Daily Chart

USD/JPY (DOLLAR YEN) outlook

USD/JPY: Current 90.50.

There is no good trade configuration for short-term trade and we are not taking a short-term position. The currency pair is running in sideways movement with a strong resistance at 90.80 and support around 90.00. In case USD/JPY breaks over 90.80 then it may go to first 91.20 or possibly 91.60.

"Please see our longer-term outlook under trading Approaches".

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Please see our weekly analysis for mid-term trading under “Trading Approaches”.

Resistance & Support levels

Resistances:90.81, 91.10, 91.49

Supports: 90.13, 89.74, 89.45

We update Pivot Point calculations around 12:30 GMT. Please check the date of last update at the top of the page.

Standard Pivot Point for USD/JPY		Fibonacci Pivot Point for USD/JPY		Woodie Pivot Point for USD/JPY		Camarilla Pivot Point for USD/JPY
R3	91.49	R3	91.10	R3		R3	90.71
R2	91.10	R2	90.84	R2	91.13	R2	90.64
R1	90.81	R1	90.68	R1	90.86	R1	90.58
Pivot	90.42	Pivot	90.42	Pivot	90.45	Pivot	90.42
S1	90.13	S1	90.16	S1	90.18	S1	90.46
S2	89.74	S2	90.00	S2	89.77	S2	90.40
S3	89.45	S3	89.74	S3		S3	90.33
Open	90.48	Open	90.48	Open	90.48	Open	90.48
High	90.71	High	90.71	High	90.71	High	90.71
Low	90.03	Low	90.03	Low	90.03	Low	90.03
Close	90.52	Close	90.52	Close	90.52	Close	90.52

Correlation: Please click here to check correlations with other currency pairs

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