19 Nov 2013
USD/JPY strong above 100.00
FXstreet.com (Chicago) - USD/JPY stays above the 100.00 key psychological level consolidating the bounce from 99.57 session lows.
Data recap, performance
Earlier in Japan, the leading economic index was released at 109.2 beating past results at 106.8. The coincident index for September was 108.4 vs. prior 107.6. In the US, President Obama is expected to talk at 20 GMT. So far, the pair prints 0.17% advancements ahead of Wall Street’s closing.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 100.12 and oscillates between the supports aligned at 99.67 (November 12th highs), 99 (November 13th lows) ahead of 98.48 (November 6th lows) and the upside prints resistances set at 100.44 (November 15th highs), 100.71 (July 8th lows) followed by 101.56 (July 8th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.
Data recap, performance
Earlier in Japan, the leading economic index was released at 109.2 beating past results at 106.8. The coincident index for September was 108.4 vs. prior 107.6. In the US, President Obama is expected to talk at 20 GMT. So far, the pair prints 0.17% advancements ahead of Wall Street’s closing.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 100.12 and oscillates between the supports aligned at 99.67 (November 12th highs), 99 (November 13th lows) ahead of 98.48 (November 6th lows) and the upside prints resistances set at 100.44 (November 15th highs), 100.71 (July 8th lows) followed by 101.56 (July 8th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.