Open trading account 
Trend Daily Chart
Sideways
Daily Indicators
Falling
21 HR EMA
101.47
55 HR EMA
101.44
Trend Hourly Chart
Sideways
Hourly Indicators
Turning down
13 HR RSI
54
14 HR DMI
+ve
Daily Analysis
Marginal rise b4 one more fall
Resistance
102.27 - July 03 high
101.79 - Last Wed's high
101.60 - Y'day's high
Support
101.20 - Mon's low
101.07 - Jul 10 low
100.76 - 2014 low (Feb 04)
. USD/JPY - 101.48... Dlr ratcheted higher on Tue as the rise in global stocks boosted risk sentiment. The pair climbed to 101.60 in NY morning after the release of U.S. CPI data n then retreated briefly to 101.34 but buying interest quickly emerged n lifted price to 101.57 b4 trading sideways.
. Looking at the hourly and daily charts, y'day's gain to 101.60 suggests the choppy consolidation abv Jul's 6-trough of 101.07 wud continue n although another rise twd 101.79 res cannot be ruled out, as long as this month's high at 102.27 holds, downside bias remains for recent decline fm Jun's peak at 102.80 to resume for a re-test of previous good sup area at 101.07/09, a break there wud pressure dlr twd 2014 bottom at 100.76 (Feb low) where a daily close below there wud confirm a 'downside break' of the near 7-month long broad sideways trading has finally taken place, then further losses to 100.00 n 99.60 (50% r of 93.75-105.45) wud follow later this month.
Sideways
Daily Indicators
Falling
21 HR EMA
101.47
55 HR EMA
101.44
Trend Hourly Chart
Sideways
Hourly Indicators
Turning down
13 HR RSI
54
14 HR DMI
+ve
Daily Analysis
Marginal rise b4 one more fall
Resistance
102.27 - July 03 high
101.79 - Last Wed's high
101.60 - Y'day's high
Support
101.20 - Mon's low
101.07 - Jul 10 low
100.76 - 2014 low (Feb 04)
. USD/JPY - 101.48... Dlr ratcheted higher on Tue as the rise in global stocks boosted risk sentiment. The pair climbed to 101.60 in NY morning after the release of U.S. CPI data n then retreated briefly to 101.34 but buying interest quickly emerged n lifted price to 101.57 b4 trading sideways.
. Looking at the hourly and daily charts, y'day's gain to 101.60 suggests the choppy consolidation abv Jul's 6-trough of 101.07 wud continue n although another rise twd 101.79 res cannot be ruled out, as long as this month's high at 102.27 holds, downside bias remains for recent decline fm Jun's peak at 102.80 to resume for a re-test of previous good sup area at 101.07/09, a break there wud pressure dlr twd 2014 bottom at 100.76 (Feb low) where a daily close below there wud confirm a 'downside break' of the near 7-month long broad sideways trading has finally taken place, then further losses to 100.00 n 99.60 (50% r of 93.75-105.45) wud follow later this month.