24 Jun 2013
USD/JPY sideways trading after overnight action
FXstreet.com (New York) - The USD/JPY technical pair managed to slow down and maintain a highly sideways path during European trading Monday, having been muted in recent minutes.
USD/JPY overnight gains give way to European stagnation
The USD/JPY pair has been relatively static after earlier action during overnight trading sent the pair rocketing forward Monday. Presently, the foreign exchange rate is now trading at 98.34 or +0.43% thus far. Mataf.net analysts calculate the next resistances for the pair at 98.86, onto 99.42, and 100.39. On the downside, a break below the 97.32 handle will initiate support at 96.35 and 95.79.
USD/JPY upside could resume this week
According to the Technical Analyst Team at ICN.com, “The USD/JPY managed to stabilize above the linear regression indicator 34 and 55, reducing negativity shown on the indicators and indicating the possibility of moving to the upside during this week.”
USD/JPY overnight gains give way to European stagnation
The USD/JPY pair has been relatively static after earlier action during overnight trading sent the pair rocketing forward Monday. Presently, the foreign exchange rate is now trading at 98.34 or +0.43% thus far. Mataf.net analysts calculate the next resistances for the pair at 98.86, onto 99.42, and 100.39. On the downside, a break below the 97.32 handle will initiate support at 96.35 and 95.79.
USD/JPY upside could resume this week
According to the Technical Analyst Team at ICN.com, “The USD/JPY managed to stabilize above the linear regression indicator 34 and 55, reducing negativity shown on the indicators and indicating the possibility of moving to the upside during this week.”