29 Oct 2013
USD/JPY exhausts after recovering session losses around 97.60
FXstreet.com (Chicago) - USD/JPY seems to stall after bouncing off 97.46 session lows consolidating above the 97.60 zone.
USD/JPY Technical Levels
Price action reveals the pair bounced off session lows consolidating above the 97.60 zone where it stalls. Technically speaking, the pair is oscillating between the supports are aligned at 97.53 (October 18th lows), 97.15 (October 22nd lows) ahead of 96.81 (August 30th lows) and the resistances set at 97.71 (October 17th lows), 98 (October 18th highs) followed by 98.47 (October 22nd highs). According to the FXstreet.com, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
USD/JPY Technical Levels
Price action reveals the pair bounced off session lows consolidating above the 97.60 zone where it stalls. Technically speaking, the pair is oscillating between the supports are aligned at 97.53 (October 18th lows), 97.15 (October 22nd lows) ahead of 96.81 (August 30th lows) and the resistances set at 97.71 (October 17th lows), 98 (October 18th highs) followed by 98.47 (October 22nd highs). According to the FXstreet.com, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.