24 Jun 2015
USD/JPY stable around 124.00 after US GDP revision
FXStreet (Córdoba) - USD/JPY inched higher but remained overall unchanged after the release of in line with expectations US GDP final revision.
US GDP contracts by 0.2% in Q1
US economy contracted by a revised 0.2% seasonally adjusted annual rate in Q1, a smaller decrease than the 0.7% previously estimated.
USD/JPY barely reacted to data and continued to trade around the 124.00 level, where it is just a few pips above its opening price.
USD/JPY technical levels
As for technical levels, next resistances are seen at 124.18 (Jun 23 high), 124.44 (Jun 17 high) and 124.60 (Jun 10 high) . On the other hand, supports could be found at 123.70 (Jun 24 low), 123.33/38 (Jun 23 low/10-day SMA) and 123.00 (psychological level).
US GDP contracts by 0.2% in Q1
US economy contracted by a revised 0.2% seasonally adjusted annual rate in Q1, a smaller decrease than the 0.7% previously estimated.
USD/JPY barely reacted to data and continued to trade around the 124.00 level, where it is just a few pips above its opening price.
USD/JPY technical levels
As for technical levels, next resistances are seen at 124.18 (Jun 23 high), 124.44 (Jun 17 high) and 124.60 (Jun 10 high) . On the other hand, supports could be found at 123.70 (Jun 24 low), 123.33/38 (Jun 23 low/10-day SMA) and 123.00 (psychological level).