13 Sep 2013
USD/JPY unable to overcome 100.00 barrier
FXstreet.com (Lisbon) - The USD/JPY foreign exchange rate moved slightly higher Friday, though remained capped below the 100.00 barrier despite briefly touching this region earlier today.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY moved slightly to the upside but is limited below 78.6% correction at 100.30, and is still stable below key resistance level of the ascending channel. Therefore, the bearish possibility is valid again today as Stochastic supports these expectations that depend on stability below 100.30.”
USD/JPY technical levels
Presently, the USD/JPY has moved higher Friday at a rate of +0.22% above its opening, operating at 99.74 in these moments. Briefing the technicals, the USD/JPY will encounter means of calculated resistance at 99.95, a break of which will open up 100.20 and 100.67, notes the Mataf.net analyst team.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY moved slightly to the upside but is limited below 78.6% correction at 100.30, and is still stable below key resistance level of the ascending channel. Therefore, the bearish possibility is valid again today as Stochastic supports these expectations that depend on stability below 100.30.”
USD/JPY technical levels
Presently, the USD/JPY has moved higher Friday at a rate of +0.22% above its opening, operating at 99.74 in these moments. Briefing the technicals, the USD/JPY will encounter means of calculated resistance at 99.95, a break of which will open up 100.20 and 100.67, notes the Mataf.net analyst team.