Filed Under:
Forex pairs in this Article » USD/JPY
FXstreet.com (New York) - The USD/JPY foreign exchange rate recently topped out at fresh highs at 101.15 Friday, now easing back to the 101.00 barrier during US trading.

USD/JPY held at resistance

In these moments, the USD/JPY technical pair is advancing at +0.97%, navigating the region of 101.02 Friday. The Danske Research Team has identified upward resistance at the 101.00 level, followed by the 101.29 handle. Earlier today, the pair received a jolt from robust US payroll data, which has kept the USD strong.

USD/JPY 102.60 the target

According to the Technical Analyst Team at ICN.com, “The USD/JPY has soared, achieving a convenient four-hour closing above the minor resistance line, while SMA 50 continued to carry the movements from the underside. The overbought sign on the stochastic has been neglected and thus, we change our neutral stance aiming to breach 76.4% on the way towards the technical objective at 102.60.”
comments powered by Disqus