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22 Nov 2013
USD/JPY stuck at 101.20
FXstreet.com (Chicago) - USD/JPY retraced from 101.37 session highs advancing small pips today after a remarkable week that prints over 100 pips in gains so far ahead of the closing of Wall Street.
USD/JPY Technical Levels
Technically speaking, the pair remains within yesterday’s boundaries despite bearish pressure that makes the price stall around the 101.20 zone. On long-term charts, the movement is supported by bullish trends that consolidate a strong rally that started two days ago after the release of better than expected job market data in the US. Offered at 101.25, the pair navigates between the supports aligned at 100.87 (September 20th highs), 100.43 (November 15th highs) followed by 99.78 (November 12th highs) and the resistances aligned at 101.61 (July 2nd highs), 102.64 (May 30th highs) followed by 103.72 (May 17th highs).
USD/JPY Technical Levels
Technically speaking, the pair remains within yesterday’s boundaries despite bearish pressure that makes the price stall around the 101.20 zone. On long-term charts, the movement is supported by bullish trends that consolidate a strong rally that started two days ago after the release of better than expected job market data in the US. Offered at 101.25, the pair navigates between the supports aligned at 100.87 (September 20th highs), 100.43 (November 15th highs) followed by 99.78 (November 12th highs) and the resistances aligned at 101.61 (July 2nd highs), 102.64 (May 30th highs) followed by 103.72 (May 17th highs).