USD/JPY is trading in narrow range around 116.80 to 118.85 for the past ten trading session .Overall trend is neutral as long as Support 116.80 holds.
The pair’s minor resistance around 118.20 and any break above will take the pair to 118.85/119.95.
On the downside major support is around 116.80 and break below will target 115.80.
Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: We prefer to remain neutral waiting for new confirmation signals.
The pair’s minor resistance around 118.20 and any break above will take the pair to 118.85/119.95.
On the downside major support is around 116.80 and break below will target 115.80.
Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) - Buy
Ichimoku- Buy
Recommendation: We prefer to remain neutral waiting for new confirmation signals.