Yesterday: Open 81.42 High 81.76 Low 80.94 81.67 Close
Since the Asian trading session begins, the movement of the Yen yesterday already looks bearish and peaked at the lowest level at 80.94 daily. Furthermore, the yen rebounded quite sharply about 80 pips from the lowest level daily. Overall daily high low range Yen about 80 pips.
Currently Yen will continue its bullish still looks back to the graph H1.
The focus of today’s economic data for USD / JPY is:
1. JPY Prelim GDP q/q in at 6:50 pm
2. JPY Prelim GDP Price Index y/y at 06:50 pm
3. JPY Revised Industrial Production m/m in at 11:30 pm
If the rise continues, prices likely headed to the resistance level is 81.95 and 82.22.
We recommend that if berkelanjut decreased and the trend line through the diagonal, then the price opened up opportunities leading to the level of support 80.68 and 81.06.
Prices shown on the graph H1 line MA05 and MA10 in conditions of strong bullish.
While the Stochastic indicator indicating a bearish opportunity.
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