19 Jul 2013
USD/JPY continues to surge higher
FXstreet.com (New York) - The USD/JPY foreign exchange rate surged higher as the USD notched robust gains against the JPY during Asian trading.
USD/JPY strategic bias
According to Jim Langlands at FXcharts, “The 4 hour charts are pointing higher still and the dailies look as though they are trying to turn higher as well and dips should be well supported. The direction, early in the coming week will depend on the election results, but it does appear that 100.00 will now see good buying interest.”
In recent moments the USD/JPY is now trading at session highs at 100.83, now up +0.32% presently. Technically speaking, the USD/JPY is now trading at resistance at the 100.81 level – a break higher will open up further means of correction at 101.19 (July 10 high), onto 101.30 (July 9 high).
USD/JPY strategic bias
According to Jim Langlands at FXcharts, “The 4 hour charts are pointing higher still and the dailies look as though they are trying to turn higher as well and dips should be well supported. The direction, early in the coming week will depend on the election results, but it does appear that 100.00 will now see good buying interest.”
In recent moments the USD/JPY is now trading at session highs at 100.83, now up +0.32% presently. Technically speaking, the USD/JPY is now trading at resistance at the 100.81 level – a break higher will open up further means of correction at 101.19 (July 10 high), onto 101.30 (July 9 high).