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Forex pairs in this Article » USD/JPY (Barcelona) - USD/JPY is last at 97.72, off recent session lows at 97.60, as Tokyo opens with Nikkei index up more than +1% shy of the 13k points mark. The pair is having problems to overcome the 97.90 ask line, representing session highs and previous weekly close at the same time.

No clear signs at the time being

“The USD/JPY continues trading range bound around 97.50 Fibonacci level, still unable to set a trend,” said Valeria Bednarik, Chief Analyst at, adding: “Short term time frames maintain a technical neutral stance, with price trapped in the 97.20/98.30 area. Daily chart has a slightly bearish tone, but unless a break below 96.80, there’s not much sign of a downward continuation at the time being.”

Key technical levels

The analyst sees support levels at:  97.20, 96.80 and 96.35, while resistance levels at: 97.90, 98.30 and 98.65.
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