Technical Analysis for JPY

Technical Analysis for JPY

The pair is currently touching around key support of the ascending channel close to 94.10 levels. Meanwhile, a double top Pattern will be formed by stabilizing below 94.10; therefore we will be neutral today.

The trading range for today is among key support at 93.05 and key resistance at 95.75.

The general trend over short term basis is to the upside targeting 100.00 as far as areas of 84.00 remain intact.

Support: 94.05, 93.80, 93.35, 93.05, 92.70
Resistance: 94.50, 94.85, 95.00, 95.50, 96.10

Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move