An overview of the dollar, the yen 04/20/2016
The dollar against the yen has recovered steadily from semnadtsatimesyachnyh minimum values, and then a few corrected. In the US went out a report concerning the number of building permits issued on the level of 1.086M (predicted 1.200M) and the bookmarks of new foundations at the level 1,089M (1.170M).
Tool conducted trades with a price break down. Quotes fell to the level of 108.20. Then the price turned around and win back the losses came in the growth zone, breaking the 109.00 level. By the close of trade, the pair tested the level above.
In the area of 109.00 is the first support below - 108.20. In the area of 109.80 is the first resistance, above - 110.60.
Price is located in the Ichimoku cloud and Chinkou-Span is above the price level. Tenkan-sen shows the upward movement and the Kijun-sen - the horizontal.
The MACD histogram is located on the ground level. Price reduced.
There is potential for further reduction. At around 108.20 and 107.40 are the next targets are.
Source Fort Financial Services