10 Jul 2013
USD/JPY slipping below 101 round
FXstreet.com (Barcelona) - The USD/JPY foreign exchange rate is last trading at 100.96, off session highs at 101.21, still inside a tight 40 pip trading range ahead of later on FOMC meeting minutes at 18:00 GMT.
USD/JPY trading range persists
“Little changed from previous updates, the USD/JPY holds around 101.00, with the lately usual neutral technical stance,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The pair is finding buyers around 100.70, while unable to extend above 101.30 immediate resistance level: as long as the range persists, standing away of the pair seems the best idea for short term traders.”
USD/JPY key technical levels
Bednarik spots support levels at: 100.70, 100.30 and 99.90, while resistance levels at: 101.30, 101.60 and 102.00.
USD/JPY trading range persists
“Little changed from previous updates, the USD/JPY holds around 101.00, with the lately usual neutral technical stance,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The pair is finding buyers around 100.70, while unable to extend above 101.30 immediate resistance level: as long as the range persists, standing away of the pair seems the best idea for short term traders.”
USD/JPY key technical levels
Bednarik spots support levels at: 100.70, 100.30 and 99.90, while resistance levels at: 101.30, 101.60 and 102.00.