On Friday the US currency against the yen remained in a narrow range. After the upbeat news from the US, indicating the growth of jobs outside agriculture, currency instrument USD / JPY has appreciated considerably.
At the auction a pair of dominant bullish sentiment, the overall tone of trading on a positive market. Traders lifted the dollar higher and closed trading in "green" zone. Resistance is located at 102.50, support - at 101.40.
The MACD shows a convergence that is a signal to buy. MACD rose. RSI rebounded from oversold area.
On the hourly chart tool has struck 50 EMA and the 100 EMA and remains above the last. EMA-50, 100-EMA-EMA and 200 move in a downward direction on the hourly time frame.
Forecast USD / JPY
Bullish sentiment begin to predominate in the pair. Perhaps the development of growth with the aim of 102.50.
Fort Financial Services