27 Sep 2013
USD/JPY falls below 99
FXstreet.com (Chicago) - USD/JPY fell to 98.84 at Tokyo’s opening and extends weekly losses to accumulate 0.43% so far on Japanese data and
USD/JPY Technical Levels
On Japanese data that failed to impress and Tokyo’s opening, market participants sent the pair to fresh session lows below the 99.00 zone. Price action reveals the pair trades at 98.89 and oscillates between supports at 98.73 (September 26th highs), 98.45 (September 15th lows) ahead of 98.16 (August 16th highs) and the resistances set at 99 (September 12th lows), 99.38 (September 16th highs) followed by 99.67 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe with a neutral EMA20. The upward trendline from two days ago remains intact despite fall.
USD/JPY Technical Levels
On Japanese data that failed to impress and Tokyo’s opening, market participants sent the pair to fresh session lows below the 99.00 zone. Price action reveals the pair trades at 98.89 and oscillates between supports at 98.73 (September 26th highs), 98.45 (September 15th lows) ahead of 98.16 (August 16th highs) and the resistances set at 99 (September 12th lows), 99.38 (September 16th highs) followed by 99.67 (September 19th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe with a neutral EMA20. The upward trendline from two days ago remains intact despite fall.