8 Aug 2013
USD/JPY struggling around 96.00
FXstreet.com (Córdoba) - The USD/JPY extended its decline on Thursday and broke below the 96.00 mark to hits its lowest level in 7 weeks.
USD/JPY falls for fifth day in a row
The greenback remains weak, as it has been since the disappointing employment report last Friday, with USD/JPY registering its fifth daily loss in a row. USD/JPY is currently trading around 96.00, 0.3% below its opening price, having recovered slightly from a low of 95.80.
USD/JPY levels to watch
As for technical levels, immediate supports are seen at 95.80 (daily low) and 95.60 (76.4% retracement of 93.75-101.54), while resistances could be found at 96.35 (21-hour SMA) and 96.92 (daily high).
USD/JPY falls for fifth day in a row
The greenback remains weak, as it has been since the disappointing employment report last Friday, with USD/JPY registering its fifth daily loss in a row. USD/JPY is currently trading around 96.00, 0.3% below its opening price, having recovered slightly from a low of 95.80.
USD/JPY levels to watch
As for technical levels, immediate supports are seen at 95.80 (daily low) and 95.60 (76.4% retracement of 93.75-101.54), while resistances could be found at 96.35 (21-hour SMA) and 96.92 (daily high).