Technical analysis of USD/JPY for February 24, 2014 Trend News

The pair is trading at the level of $102.66 in Asia's trading session. In the hourly chart, the pair is trading above 21 and 40DEMA levels. Yesterday's high at the level of 102.83 is the crucial resistance. The area of 101.67-101.39 is the support zone. In the daily chart, the pair is trading in a ascending triangle in a buy mode. RSI favours buying mode on positional basis.

Intraday

S1 102.40 R1 102.83

Positional

S1 101.67 R1 102.68

S2 100.0 R2 102.74

The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on market trends you may visit via Technical analysis of USD/JPY for February 24, 2014 . Thanks for your support on Technical analysis of USD/JPY for February 24, 2014