24 Jul 2013
USD/JPY trading unevenly off its highs
FXstreet.com (New York) - The USD/JPY technical pair eased off its highs in the neighborhood of 100.45 Wednesday, trading unevenly near its previous heights.
Technically speaking, the USD/JPY is now operating at 100.31, holding onto a robust gain of +0.85% during US trading. Following an earlier break above resistance at 100.03, the Mataf.net analyst team calculates short-term resistances for the USD/JPY at 100.52, onto 100.87.
USD/JPY strategic bias
According the Technical Analyst Team at ICN.com, “There are positive catalysts worries us regarding our expectations for the USD/JPY, including trading above 99.95 in addition to RSI breaching 50. However, we count on stabilizing on the descending key resistance level at 100.70 to keep our negative expectations.”
Technically speaking, the USD/JPY is now operating at 100.31, holding onto a robust gain of +0.85% during US trading. Following an earlier break above resistance at 100.03, the Mataf.net analyst team calculates short-term resistances for the USD/JPY at 100.52, onto 100.87.
USD/JPY strategic bias
According the Technical Analyst Team at ICN.com, “There are positive catalysts worries us regarding our expectations for the USD/JPY, including trading above 99.95 in addition to RSI breaching 50. However, we count on stabilizing on the descending key resistance level at 100.70 to keep our negative expectations.”