8 Jul 2013
USD/JPY holding above 101.00 level
FXstreet.com (New York) - The USD/JPY technical pair has stabilized above the 101.00 barrier during US trading, largely absent of any sweeping movements and US data releases Monday.
USD/JPY back in negative territory
In light of the recent consolidation, the USD/JPY is now in negative territory, down -0.17% at 101.09 in these moments. Consistent with the calculations of the Danske Research Team, the USD/JPY will face supportive means at 100.95, then 100.71, and finally 100.43. Alternatively, a movement higher will initiate resistances at 100.60, onto 100.80.
USD/JPY 103.74 level in reach?
According to Karen Jones, an Analyst at Commerzbank, “The USD/JPY is eroding the top of the 101.17 cloud, and also the previous uptrend, which now acts as resistance at 101.53. This suggests unfinished business on the topside and suggest that the 103.74 May high will be challenged.”
USD/JPY back in negative territory
In light of the recent consolidation, the USD/JPY is now in negative territory, down -0.17% at 101.09 in these moments. Consistent with the calculations of the Danske Research Team, the USD/JPY will face supportive means at 100.95, then 100.71, and finally 100.43. Alternatively, a movement higher will initiate resistances at 100.60, onto 100.80.
USD/JPY 103.74 level in reach?
According to Karen Jones, an Analyst at Commerzbank, “The USD/JPY is eroding the top of the 101.17 cloud, and also the previous uptrend, which now acts as resistance at 101.53. This suggests unfinished business on the topside and suggest that the 103.74 May high will be challenged.”