Technical Analysis for JPY
The pair has stabled above Linear Regression Indicators despite moving to the downside earlier as shown on the daily graph, therefore it might stay stable above 95.50 levels. Stability above the referred to level is positive and might extend the bullish move during today’s session.
The trading range for today is among key support at 94.10 and key resistance at 97.10.
The general trend over short term basis is to the upside targeting 100.00 as far as areas of 84.00 remain intact.
Support: 95.75, 95.50, 95.00, 94.85, 94.50
Resistance: 96.00, 96.70, 97.10, 98.10, 98.95
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 95.75 targeting 96.00, 96.70 then 97.10 and stop-loss with four-hour closing below 94.85 might be appropriate