Technical analysis of USD/JPY for February 24, 2014
February 24, 2014 6:10 am
The pair is trading at the level of $102.66 in Asia’s trading session. In the hourly chart, the pair is trading above 21 and 40DEMA levels. Yesterday’s high at the level of 102.83 is the crucial resistance. The area of 101.67-101.39 is the support zone. In the daily chart, the pair is trading in a ascending triangle in a buy mode. RSI favours buying mode on positional basis.
Intraday
S1 102.40 R1 102.83
Positional
S1 101.67 R1 102.68
S2 100.0 R2 102.74
The material has been provided by InstaForex Company – www.instaforex.com
The pair is trading at the level of $102.66 in Asia’s trading
session. In the hourly chart, the pair is trading above 21 and 40DEMA levels.
Yesterday’s high at the level of 102.83 is the crucial resistance. The area of 101.67-101.39 is the support zone. In the daily chart, the pair is trading in a
ascending triangle in a buy mode. RSI favours buying mode on positional basis.
Intraday
S1 102.40 R1 102.83
Positional
S1 101.67 R1 102.68
S2 100.0 R2 102.74
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