24 Jul 2013
USD/JPY hovering over 100.00
FXstreet.com (Córdoba) - Following a decent rally which led USD/JPY back above the 100.00 mark, the pair entered in a consolidation phase as investors await economic indicators and earnings reports.
USD/JPY remains capped by 100.20
USD/JPY peaked at 100.16 during the European session, roughly at the same level it did yesterday, but lost momentum and settled in a range afterward. At time of writing, USD/JPY is trading at the 100.10 area, where it records a 0.7% gain on the day.
USD/JPY technical levels
In terms of technical levels, if USD/JPY manages to break decisively above 100.17 (Jul 23 high) next resistances are seen at 100.60 (Jul 22 high) and 101.00 (psychological level), while on the flip side, supports could be found at 99.40 (daily low) and 99.15 (Jul 23 low).
USD/JPY remains capped by 100.20
USD/JPY peaked at 100.16 during the European session, roughly at the same level it did yesterday, but lost momentum and settled in a range afterward. At time of writing, USD/JPY is trading at the 100.10 area, where it records a 0.7% gain on the day.
USD/JPY technical levels
In terms of technical levels, if USD/JPY manages to break decisively above 100.17 (Jul 23 high) next resistances are seen at 100.60 (Jul 22 high) and 101.00 (psychological level), while on the flip side, supports could be found at 99.40 (daily low) and 99.15 (Jul 23 low).