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Analytics 05.07


The pair USD / JPY was trading in the range yesterday (Y107.70-85) and closed the day, around Y107.80.  Today, the pair continues to trade in the range (Y107.75-85), slightly above the closing level of yesterday's session.  USD / JPY rose slightly above the MA (200) H1 moving average line, however, it is still below the MA (200) H4 line, globally remaining under the control of bears.


  Resistances are found at: Y107.90-108.15, Y108.50, Y108.80

  Support levels are located on: Y107.50, Y106.75-107.05, Y105.95



The pair USD / JPY yesterday after a rapid decline to Y108.05, soon rose sharply to Y108.65, recovering all the lost positions and closed the day, again dropping slightly, around Y108.45.  Today, the pair in early trading rose sharply to Y108.60, but at the time of this writing, it lost all its positions, dropping sharply to the level of the closing session Y108.45.  USD / JPY is testing the MA (200) H1 moving average line, and is below the MA (200) H4 line, under the control of bears.


 Resistances are found at: Y108.65-80, Y109.90, Y110.65

 Support levels are located at: Y108.05-15, Y107.80, Y107.05