1 Jul 2013
USD/JPY capped by resistance
FXstreet.com (New York) - The USD/JPY rally has held fast Monday, refusing to falter or waiver during US trading, though still held in check by the 100.00 upside barrier.
In the United States, the Markit Manufacturing PMI (June) came in at 51.9, beating expectations of 50.60.
USD/JPY unable to pierce 100.00
The USD/JPY is currently recording fresh highs at 99.76 in these moments, unable to break any higher and threaten the 100.00 level thus far. At this juncture, the pair is trading positively at +0.46%. The Danske Research Team has identified resistances at 99.74, then 99.92, and finally 100.47.
USD/JPY trading at key 99.75 level
According to the Technical Analyst Team at ICN.com, “The USD/JPY started this week by stabilizing above 50% correction at 98.75 levels and above Linear Regression Indicators. Prolonged stability above the mentioned level might extend the upside move.”
In the United States, the Markit Manufacturing PMI (June) came in at 51.9, beating expectations of 50.60.
USD/JPY unable to pierce 100.00
The USD/JPY is currently recording fresh highs at 99.76 in these moments, unable to break any higher and threaten the 100.00 level thus far. At this juncture, the pair is trading positively at +0.46%. The Danske Research Team has identified resistances at 99.74, then 99.92, and finally 100.47.
USD/JPY trading at key 99.75 level
According to the Technical Analyst Team at ICN.com, “The USD/JPY started this week by stabilizing above 50% correction at 98.75 levels and above Linear Regression Indicators. Prolonged stability above the mentioned level might extend the upside move.”