Technical Analysis for JPY
The technical crossover is valid and the possibility of forming a Double Top Pattern is still valid if the pair stabled below 94.10. On the other hand, the pair stabled above key support of the upside move, therefore we remain neutral for the rest of the day waiting for confirmation signals.
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: 94.25, 94.05, 93.80, 93.35, 93.05
Resistance: 94.50, 95.85, 95.00, 95.50, 95.75
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move