28 Jun 2013
USD/JPY establishing fresh session highs
FXstreet.com (New York) - The USD/JPY foreign exchange rate is establishing fresh intraday highs in these moments, bulling ahead during US trading.
USD/JPY securing sizable advances
At the time of writing, the USD/JPY is trading at 99.27, up a robust +0.86% above its opening Friday. According to Research Analyst Gareth Berry at UBS, “There is a strong resistance for the USD/JPY at 99.94. A closing break above this would be positive. Support is at 96.96, suggesting a neutral outlook in the near-term.”
USD/JPY positivity outweighs overbought signals
According to the Technical Analyst Team at ICN.com, “The USD/JPY managed to prove stabilizing above 50% correction at 98.75 keeping the possibility of a bullish move. Meanwhile, the stochastic is showing intraday overbought signals, but stability above 98.75 forces us to ignore this signal especially that Linear Regression Indicators are positive.”
USD/JPY securing sizable advances
At the time of writing, the USD/JPY is trading at 99.27, up a robust +0.86% above its opening Friday. According to Research Analyst Gareth Berry at UBS, “There is a strong resistance for the USD/JPY at 99.94. A closing break above this would be positive. Support is at 96.96, suggesting a neutral outlook in the near-term.”
USD/JPY positivity outweighs overbought signals
According to the Technical Analyst Team at ICN.com, “The USD/JPY managed to prove stabilizing above 50% correction at 98.75 keeping the possibility of a bullish move. Meanwhile, the stochastic is showing intraday overbought signals, but stability above 98.75 forces us to ignore this signal especially that Linear Regression Indicators are positive.”