Technical Analysis – USDJPY supported above cloud
Posted on April 30, 2014 at 9:37 am GMTUSDJPY has found support from the Ichimoku Cloud in the past two days. Overall the bullish bias remains, as the pair has been trading above the rising trendline since April 11 when prices reversed the decline from April 4. Currently the tenkan-sen and kijun-sen lines are positively aligned, which is a bullish signal and the RSI is in bullish territory above 50. Key resistance levels are found at 102.77, 103.30 and 103.70. Support lies at 102.27, 101.95 and 101.49. Overall [..]