An overview of the dollar against the yen 21/04/2016
Risky assets increases the cost of, and interest in buying the yen waned, that served as a driver for the upward correction of quotations. Limited potential instrument of growth indicates a weak position USD, the total pressure which is maintained.
USDJPY exchange rate rose above 109.00, then quotes adjusted to this circular level. Further, the price rose sharply and tested the 109.80 resistance.
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, and form a "Golden Cross".
The MACD histogram is in the positive zone. The price is rising.
There is potential for further recovery of quotations from the first target 109.80. Further growth target is located at 110.60.