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Forex pairs in this Article » USD/JPY (Chicago) - USD/JPY extends bullish upside swing after falling below 97.00 zone. Stops had been set at 96.90, zone from where the pair took off. The yen maintains 2-month gains on safe-haven market behavior.

Rising tensions?

According to Zero Hedge “Jordanian authorities are clearing bordering areas with Syria and in particular All Ramtha asking residents to leave for safety”. The Nikkei 225 trades 2.25% down dragged by rising tensions in Syria.

USD/JPY Technical Levels – reversal consolidated

Technically speaking the pair extends reversal after intense pressure sending the price downward below 97.00 zone momentarily. At 97.16, the pair fluctuates between supports at 96.88 (August 20th lows), 96.41 (August 5th lows) ahead of 95.88 (August 9th lows) and resistances at 97.32 (August 19th lows), 97.59 (August 14th lows), 97.96 (August 20th highs).
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