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Forex pairs in this Article » USD/JPY (Chicago) - USD/JPY contained by even pressure that creates horizontal trading line despite data releases.

With worse than expected Japanese trade balance results and a dovish speech on US economy by the Fed’s President, there seems to be even pressure for the up and downsides. Displaying little action besides small price variations, all within the same range (100/100.25), the pair stalls on flat wave at opening.

USD/JPY Technical Levels

Technically speaking, the pair is offered at 100.15 and oscillates between the supports aligned at 99.67 (November 12th highs), 99 (November 13th lows) ahead of 98.48 (November 6th lows) and the upside prints resistances set at 100.44 (November 15th highs), 100.71 (July 8th lows) followed by 101.56 (July 8th highs).
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