16 Oct 2013
USD/JPY can’t take off; glued to 98.73 support
FXstreet.com (Chicago) - USD/JPY is still glued to immediate support despite confirmations of deal agreement ending paralysis and preventing the US debt default.
Deal
Boehner confirmed republicans will honor their words and sign the deal. At the void of being downgraded, politicians reacted hours away from the deadline with signatures materializing in the evening – Washington time.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 98.74 and oscillates between supports aligned at 98.73 (September 29th highs), 98.34 (September 25th lows) ahead of 97.83 (October 1st highs) and the resistances set at 99.16 (September 27th highs), 99.68 (September 19th highs) followed by 100 (September 6th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
Deal
Boehner confirmed republicans will honor their words and sign the deal. At the void of being downgraded, politicians reacted hours away from the deadline with signatures materializing in the evening – Washington time.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 98.74 and oscillates between supports aligned at 98.73 (September 29th highs), 98.34 (September 25th lows) ahead of 97.83 (October 1st highs) and the resistances set at 99.16 (September 27th highs), 99.68 (September 19th highs) followed by 100 (September 6th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.