Filed Under:
Forex pairs in this Article » USD/JPY (Córdoba) - After finding support at the 100-hour SMA and helped by the improvement in market sentiment, the USDJPY managed to bounce and reversed losses to trade nearly flat of the day.

USDJPY fell over 80 pips from a daily high of 93.90 to a low of 93.07 before buyers reappeared. At time of writing, USDJPY is trading at mid-range around 93.60, where it is virtually unchanged since opening.

In terms of technical levels, supports are seen at 93.45/00 and then at the Tenkan line at 92.16, says the team. "On the other hand, resistance levels are seen at 94.13 which is the 38% retracement of the June 2007 to October 2011 bear trade, followed by 97.81 (August 2009 high) and then the 50% level at 99.875".
comments powered by Disqus