27 Dec 2013
USD/JPY knocks out 105.00 barrier
FXstreet.com (Bali) - USD/JPY has finally made it above 105.00, even if marginally, before failure to get any follow through sent the rate back down to retest 104.90, where some buying interest emerged again.
USD/JPY option barrier 105.00 knocked out
While reported option barrier at 105.00 is now out of the way, chatter of stops clustered above 105.00 has so far disappointed, as the level was broken by a mere 4/5 pips.
USD/JPY key intraday levels
The key resistance to the upside lies at between 105.30 and 105.50, 50% fib of 135/75.30 decline and 61.8% fib of 124.10/75.30, respectively. On the downside, a retracement into 104.70/80 should see solid bids.
USD/JPY option barrier 105.00 knocked out
While reported option barrier at 105.00 is now out of the way, chatter of stops clustered above 105.00 has so far disappointed, as the level was broken by a mere 4/5 pips.
USD/JPY key intraday levels
The key resistance to the upside lies at between 105.30 and 105.50, 50% fib of 135/75.30 decline and 61.8% fib of 124.10/75.30, respectively. On the downside, a retracement into 104.70/80 should see solid bids.