Forex: USD/JPY retreats to 87.70
Forex pairs in this Article »
USD/JPY
FXstreet.com (San Francisco) - The US dollar's recovery from 87.40 found resistance at the 88.00 level where the USDJPY was rejected and launched back to prices around 87.70. The USDJPY is currently trading at 87.75, 0.75% above opening price action.
The USDJPY will find resistance at the psychological level at 88.00, followed by 88.38 (high Jan.7) and then 88.48 (2013 high Jan.4).
On the flip side, a decline beyond 87.40 (hourly sup Dec.9) would bring 86.83 (low Jan.9) and finally 86.77 (low Jan.3).
The USDJPY will find resistance at the psychological level at 88.00, followed by 88.38 (high Jan.7) and then 88.48 (2013 high Jan.4).
On the flip side, a decline beyond 87.40 (hourly sup Dec.9) would bring 86.83 (low Jan.9) and finally 86.77 (low Jan.3).
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