Drawing attention to the 4 hours chart, we can see that a pronounced uptrend continues, but at the same time, the second day of trading does not go far beyond the relatively narrow price range of 91.70-92.30
USD / JPY
Current price levels are still located above the moving averages with periods of 34, 55, 89 and 144, which is directed upwards and point to the continuing bullish sentiment.
The MACD histogram is located in the positive zone, but has crossed its signal line from the top down, continues to gradually decline, and thus formed a signal to sell the dollar / yen.
Stochastic Oscillator out of the overbought zone and formed the same signal as the% K line began to fall below the% D.
Therefore, just as yesterday, we expect that the correction will continue and increase, if it is punctured by the level of support 91.30, which could open the way for the bears to the levels of 90.80 and 90.40.
Levels of resistance: 92.00/10, 92.50, 92.70, 93.00
Current price: 91.95
Support levels: 91.70, 91.50, 91.00, 90.70, 90.50, 90.20/00
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