18 Jul 2013
USD/JPY trading near highs
FXstreet.com (New York) - The USD/JPY foreign exchange rate has hanging around near its recent highs of 100.67 Thursday, refusing to ease and retrace a portion of its steadfast gains.
Following the narrow consolidation that has gripped the USD/JPY during US trading, the pair now remains settled at 100.58, still up a robust +0.96% in these moments. Following a break above resistance at 100.59, the Danske Research Team points to resistances at 100.64 (session high), and finally 100.77.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY is still stable above 99.95 levels and the positive Linear Regression Indicators despite halting the upside move. Therefore, we hold on to our positive expectations today.”
Following the narrow consolidation that has gripped the USD/JPY during US trading, the pair now remains settled at 100.58, still up a robust +0.96% in these moments. Following a break above resistance at 100.59, the Danske Research Team points to resistances at 100.64 (session high), and finally 100.77.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY is still stable above 99.95 levels and the positive Linear Regression Indicators despite halting the upside move. Therefore, we hold on to our positive expectations today.”