USD/JPY nears 103.00

FXstreet.com (Córdoba) - The USD/JPY extended gains into a fourth day Monday and advanced to fresh 6-month highs, despite the negative tone in stocks.

USD/JPY hits fresh 6-month peak

The USD/JPY climbed to a high of 102.80 during the European session and continues to threaten recent highs, eyeing next resistance at the 103.00 area. At time of writing, the pair is trading at the 102.75 zone, recording a 0.3% gain on the day.

USD/JPY technical levels

In terms of technical levels, if the USD/JPY breaks above 102.80 (daily high), next resistances are seen at 103.00 (psychological level) and 103.55 (May 23 high). On the other hand, supports are seen at 102.20 (daily low) and 102.00 (psychological level) ahead of 101.14 (Nov 26 low).