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Forex pairs in this Article » USD/JPY (Chicago) - USD/JPY strengthens at the opening of the American trading session which prints gains modeling the USD performance so far and recovering all previous losses incurred throughout the Asian session.

USD/JPY Technical Levels

Price action reveals the pair a burst that precipitates the pair to new session highs reaching 104.12 and retaking the 104 front shortly after the opening of the American trading session. Offered at 104.07, the pair navigates between the supports aligned at 103.90 (December 4th highs), 103.37 (December 2nd highs) ahead of 102.89 (December 12th highs) and the resistances set at 104.34 (December 18th highs), 104.87 (July 10th 2002 highs) followed by 135 (January 1st 2002 highs). According to the trend index on one-hour timeframe analysis, the pair is strongly bearish and trades with a neutral EMA20.
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