Back
21 Jun 2013
USD/JPY sideways prevalence continues
FXstreet.com (New York) - The USD/JPY foreign exchange rate has behaved like a dial tone during US trading Friday, refusing to oscillate from a very narrow range.
USD/JPY positive scenario above 97.55 exists
According to the Technical Analyst Team at ICN.com, “The USD/JPY’s attempts to the downside are still limited above its linear regression indicator 34 at four-hour closing. Therefore, the positive possibility is still valid especially that the pair is trading now above 97.55 levels.”
USD/JPY confined below resistance
The USD/JPY has continued navigating in positive territory, albeit at the familiar 97.70 region, or +0.43%. Technically speaking, Mataf.net analysts calculate the next resistances for the pair at 98.15 (session high), onto 99.17, and 100.06. On the downside, a break below the 96.23 handle will initiate support at 95.35 and 94.31.
USD/JPY positive scenario above 97.55 exists
According to the Technical Analyst Team at ICN.com, “The USD/JPY’s attempts to the downside are still limited above its linear regression indicator 34 at four-hour closing. Therefore, the positive possibility is still valid especially that the pair is trading now above 97.55 levels.”
USD/JPY confined below resistance
The USD/JPY has continued navigating in positive territory, albeit at the familiar 97.70 region, or +0.43%. Technically speaking, Mataf.net analysts calculate the next resistances for the pair at 98.15 (session high), onto 99.17, and 100.06. On the downside, a break below the 96.23 handle will initiate support at 95.35 and 94.31.