9 Dec 2013
USD/JPY trades at 1-week high around 103.35
FXstreet.com (San Francisco) - After advancing around 40 pips in the American session, the USD/JPY touched fresh 1-week highs around 103.35 where the pair remains trading calm in consolidation mode.
Currently, the USD/JPY is trading at 103.30, 0.40% positive on the day. The short term perspective remains bullish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD is neutral.
Above the 103.35, the USD/JPY would face resistances at 103.40 and 103.80. On the downside, supports are at 102.90, 102.50 and 102.00.
USD/JPY "has technical resistance at 103.38 to contend with followed by offers protecting 103.50 barriers scattered from 103.40 on up," FXBeat's analyst says. "If we are able to overcome those offers we have the late-May highs at 103.78 to target. 104.00 barriers will be in play if trend highs yield."
Currently, the USD/JPY is trading at 103.30, 0.40% positive on the day. The short term perspective remains bullish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the north while the Stochastic is bearish and the MACD is neutral.
Above the 103.35, the USD/JPY would face resistances at 103.40 and 103.80. On the downside, supports are at 102.90, 102.50 and 102.00.
USD/JPY "has technical resistance at 103.38 to contend with followed by offers protecting 103.50 barriers scattered from 103.40 on up," FXBeat's analyst says. "If we are able to overcome those offers we have the late-May highs at 103.78 to target. 104.00 barriers will be in play if trend highs yield."