11 Nov 2013
USD/JPY flat at 99.20
FXstreet.com (Chicago) - USD/JPY is trendless after small retracement from session highs on a quiet trading session in the US.
Trading around the Asian session zone, the pair consolidates the 99 front but retraces minimally (10 pips) from 99.31 session highs. Earlier in Japan, Eco Watcher Survey results were 54.5 vs. past 54.2 while trade balance results were 874.8B vs. prior 885.9B.
USD/JPY Technical Levels
Price action reveals the pair extends the short-term bearish channel approaching the EMA20 intersection ahead of Wall Street’s closing. Offered at 99.19, the pair oscillates between the supports aligned at 99 (October 17th highs), 98. 69 (October 30th highs), 98.38 (October 22nd highs) and the resistances aligned at 99.36 (November 7th highs), 99.82 (September 16th highs), 100 (key psychological level).
Trading around the Asian session zone, the pair consolidates the 99 front but retraces minimally (10 pips) from 99.31 session highs. Earlier in Japan, Eco Watcher Survey results were 54.5 vs. past 54.2 while trade balance results were 874.8B vs. prior 885.9B.
USD/JPY Technical Levels
Price action reveals the pair extends the short-term bearish channel approaching the EMA20 intersection ahead of Wall Street’s closing. Offered at 99.19, the pair oscillates between the supports aligned at 99 (October 17th highs), 98. 69 (October 30th highs), 98.38 (October 22nd highs) and the resistances aligned at 99.36 (November 7th highs), 99.82 (September 16th highs), 100 (key psychological level).