9 Mar 2015
USD/JPY breaks above 121.00
FXStreet (Córdoba) - USD/JPY continued to move higher during the New York session and pierced above the 121 mark to reach its highest level in 3 months.
With last corrective movements contained by the 120.60 zone, USD/JPY managed to resume the advance and climbed as high as 121.40 in recent dealings amid a renewed USD buying interest. At time of writing, the pair is trading at 121.30, recording a 0.51% gain on Monday.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 121.40 (daily high), 121.83 (7-year high, Dec 8 2014) and 122.00 (psychological level). On the other hand, supports are seen at 120.60 (daily low), 120.00 (psychological level) and 119.84 (10-day SMA).
With last corrective movements contained by the 120.60 zone, USD/JPY managed to resume the advance and climbed as high as 121.40 in recent dealings amid a renewed USD buying interest. At time of writing, the pair is trading at 121.30, recording a 0.51% gain on Monday.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 121.40 (daily high), 121.83 (7-year high, Dec 8 2014) and 122.00 (psychological level). On the other hand, supports are seen at 120.60 (daily low), 120.00 (psychological level) and 119.84 (10-day SMA).