9 Mar 2016
USD/JPY attempts to consolidate above 113.00
USD/JPY stretched higher and made fresh daily highs above 113.00, being the yen the only major that losing ground against a broadly weaker greenback.
USD/JPY gained momentum during the American session and climbed to a peak of 113.15 before retreating slightly. Having spent the last hours consolidating near higher, USD/JPY is currently trading at 113.08, recording its first daily gain in three.
USD/JPY levels to watch
As for technical levels, next resistances could be found at 113.50 (Mar 8 high), 114.54 (Mar 2 high) and 115.05 (38.2% Fibo retracement of 121.68-110.97). On the flip side, supports are seen at 112.15 (Mar 1 low) and 111.88 (Feb 25 low) ahead of 110.97 (2016 low, Feb 11).
USD/JPY gained momentum during the American session and climbed to a peak of 113.15 before retreating slightly. Having spent the last hours consolidating near higher, USD/JPY is currently trading at 113.08, recording its first daily gain in three.
USD/JPY levels to watch
As for technical levels, next resistances could be found at 113.50 (Mar 8 high), 114.54 (Mar 2 high) and 115.05 (38.2% Fibo retracement of 121.68-110.97). On the flip side, supports are seen at 112.15 (Mar 1 low) and 111.88 (Feb 25 low) ahead of 110.97 (2016 low, Feb 11).