Forex: USD/JPY breaks above 80.30
Forex pairs in this Article »
USD/JPY
FXstreet.com (Cincinnati) - The Dollar has continued with its recovery against the Japanese Yen with the pair breaking above the 80.30 zone to reach levels around 80.40. Currently the pair is pricing at 80.35, 0.10% above opening price.
Previously, a strong fall to test the 80.00 mark during the Asian session gave room for a full retracement back to 80.25, where the pair was trading in the European session ahead of the US election results.
According to the FXstreet.com Forex Studies, MACD, CCI, MOmentum and ROC indicators are signaling bullish but Stochastics is bearish in the 1-hour time frame. The same situation is in 1-day time frame.
If pair holds above 80.30, the pair could face resistance at 80.50/55 zone and 6-month high at 80.65. ON the down side, Supports are at 80.30, 80.10 zone and 80.00.
Previously, a strong fall to test the 80.00 mark during the Asian session gave room for a full retracement back to 80.25, where the pair was trading in the European session ahead of the US election results.
According to the FXstreet.com Forex Studies, MACD, CCI, MOmentum and ROC indicators are signaling bullish but Stochastics is bearish in the 1-hour time frame. The same situation is in 1-day time frame.
If pair holds above 80.30, the pair could face resistance at 80.50/55 zone and 6-month high at 80.65. ON the down side, Supports are at 80.30, 80.10 zone and 80.00.
Free Annual Reports
