1 Jul 2013
USD/JPY starts week off on positive note
FXstreet.com (New York) - The USD/JPY started off the trading week in positive territory, refusing to give back and of last weeks gains that had the pair trading markedly higher.
USD/JPY downside move remains valid
The USD/JPY is currently sandwiched between its 20 and 50-day SMA in these moments, notching a modest gain of +0.02% above its opening during overnight trading. Presently, the pair is operating at 99.25 Monday.
USD/JPY unable to break out during US trading
Technically speaking, the Danske Research Team has identified resistances at 99.47 up to the 99.74 handle. Conversely, supportive structures will trigger at 98.40, then 98.24, and finally 98.12.
USD/JPY downside move remains valid
The USD/JPY is currently sandwiched between its 20 and 50-day SMA in these moments, notching a modest gain of +0.02% above its opening during overnight trading. Presently, the pair is operating at 99.25 Monday.
USD/JPY unable to break out during US trading
Technically speaking, the Danske Research Team has identified resistances at 99.47 up to the 99.74 handle. Conversely, supportive structures will trigger at 98.40, then 98.24, and finally 98.12.