Forex: USD/JPY holds above 93.25
Forex pairs in this Article »
USD/JPY
FXstreet.com (Córdoba) - After hitting a multi-year high above 94.00 during the Asian session, USDJPY lost momentum and pulled back from highs. However, the setback was contained by the 93.25/30 area twice on the day, leaving the pair in a tight range.
At time of writing, USDJPY is trading around 93.35, still down 0.3% on the day in a quiet American afternoon. On the downside, below 93.25, next supports are seen at 93.00 (psychological level) and 92.70 (100-hour SMA). On the other hand, resistances could be found at 94.05 (intraday high), 94.50 and 94.95 (2010 high).
At time of writing, USDJPY is trading around 93.35, still down 0.3% on the day in a quiet American afternoon. On the downside, below 93.25, next supports are seen at 93.00 (psychological level) and 92.70 (100-hour SMA). On the other hand, resistances could be found at 94.05 (intraday high), 94.50 and 94.95 (2010 high).
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