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15 Nov 2013
USD/JPY weaker at opening; +114 weekly pips
FXstreet.com (Chicago) - USD/JPY opened Tokyo’s session losing ahead of the release of US data but no data due in Japan during the Asian session.
On Yellen’s and Bernanke’s comments earlier today, the pair strengthened throughout the session but wins are stronger than losses.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 100.20 and oscillates between the supports aligned at 100 (September 1st highs), 99.36 (November 7th highs) ahead of 99 (November 11th lows) and the resistances set at 100.63 (September 18th highs), 101.44 (July 4th highs) followed by 102.60 (May 28th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis oscillating above the EMA20.
On Yellen’s and Bernanke’s comments earlier today, the pair strengthened throughout the session but wins are stronger than losses.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 100.20 and oscillates between the supports aligned at 100 (September 1st highs), 99.36 (November 7th highs) ahead of 99 (November 11th lows) and the resistances set at 100.63 (September 18th highs), 101.44 (July 4th highs) followed by 102.60 (May 28th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis oscillating above the EMA20.