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Dollar/Yen Technical Analysis

Posted by Joseph Trevisani on Feb 19, 2013 2:21:00 PM

Stops executed under 93.45 but only a weak follow through to 93.28, today's low. Support at 93.00 on the hourly chart with stops below. Further support at 92.70, 92.25 and 92.00

Resistance at 93.60 and 94.20.

Key level support at 92.00. As long as the pair stays above trading favors another test of the upside. A break below that  support potentially opens up a drop to 91.00  and 90.00.

 

Moving Averages

Hour chart 14 day 93.50, 55 day 93.75

Daily chart 55 day 88.38, 100 day 84.69, 200 day 81.78

WWM

 

Charts: Bloomberg

 

Yen Daily resized 600

 

Yen Daily resized 600


 

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