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25 Nov 2013
USD/JPY strong above 101.30
FXstreet.com (Chicago) - USD/JPY is able to maintain last week’s gains and trades above the 101.30 zone ahead of a session with little action - Tokyo’s closed. Perhaps the BoJ’s Kuroda speech may trigger price movements for the pair (6:30 GMT).
USD/JPY Technical Levels
Technically speaking, price action reveals the pair continues stalled around 4-month highs after sustaining performance after last week’s rally on better than expected job market data in the US and Fed speculations about tapering happening sometime between December and March. Offered at 101.30, the pair navigates between the supports aligned at 100.87 (September 20th highs), 100.43 (November 15th highs) ahead of 99.78 (November 12th highs) and the resistances aligned at 101.61 (July 2nd highs), 102.64 (May 30th highs) followed by 103.72 (May 17th highs).
USD/JPY Technical Levels
Technically speaking, price action reveals the pair continues stalled around 4-month highs after sustaining performance after last week’s rally on better than expected job market data in the US and Fed speculations about tapering happening sometime between December and March. Offered at 101.30, the pair navigates between the supports aligned at 100.87 (September 20th highs), 100.43 (November 15th highs) ahead of 99.78 (November 12th highs) and the resistances aligned at 101.61 (July 2nd highs), 102.64 (May 30th highs) followed by 103.72 (May 17th highs).