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Daily USD JPY Technical Analysis 22nd November, 2016

USD JPY Technical Analysis

USD JPY Technical Analysis 22nd November, 2016

Technical Analysis Overview

Prev. Close      110.84
Open               110.84
Day’s Range   110.28 – 110.90
52 wk Range   99.08 – 123.67
1-Year Return  – 10.09%

Technical Support and Resistance

Daily USD JPY Technical analysis shows USD JPY pair may find the immediate support at 110.74. If, market breaks the first support then it will go for the following support to test. Following supports are 110.65 and 110.56. On the other side the market has immediate resistance 110.92. If, market breaks the primary resistance level then, market will go for the new resistance level 111.01 and 111.10.

Expected trading range for today is between 110.28 supports and 110.90 resistance.

 

The dollar-yen pair slumped more-than one big figure from half-yearly highs to 110.28, after news of a 7.4 magnitude earthquake and tsunami warnings broke the wires in early Asia, boosting the safe-haven and repatriation flows in the yen.

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