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11:30 Tech on USD/JPY
Resistance 3: Y105.00 (psychological level)
Resistance 2: Y104.00 (psychological level)
Resistance 1: Y103.08 (October 13 2008 high)
Current price: Y102.40
Support 1: Y101.81 (May 16 low)
Support 2: Y101.24 (May 14 low)
Support 3: Y100.54 (May 10 low)
Comments: It should be noted that the 14-day relative strength index (RSI (14) on the D1), is above 70, which indicates a possible change in the direction of price movement. Also note that the hourly chart has formed a divergence on the indicator MACD, which signals a possible change in the direction of price movement.
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