Back
25 Nov 2013
USD/JPY pullback contained
FXstreet.com (Córdoba) - The USD/JPY extended gains Monday and reached a fresh 6-month peak a few pips shy of 102.00 supported by better risk sentiment.
USD/JPY consolidates ahead of the NY opening
The USD/JPY printed its highest since May 29 at 101.91 but lost momentum and retraced some of its gains during the European session. However, with the setback being contained by the 101.65 area, the USD/JPY was confined to a phase of consolidation ahead of the American opening. The US releases pending home sales and the Dallas Fed index today.
USD/JPY technical levels
At time of writing, USD/JPY is trading at the 101.75 zone, recording a 0.5% gain on the day, with immediate resistances lining up at 101.91 (daily high) and 102.00 (psychological level) ahead of the 102.50 area (May 28 & 29 highs). On the flip side, supports are seen at 101.65 (intraday level) and 101.13 (daily low).
USD/JPY consolidates ahead of the NY opening
The USD/JPY printed its highest since May 29 at 101.91 but lost momentum and retraced some of its gains during the European session. However, with the setback being contained by the 101.65 area, the USD/JPY was confined to a phase of consolidation ahead of the American opening. The US releases pending home sales and the Dallas Fed index today.
USD/JPY technical levels
At time of writing, USD/JPY is trading at the 101.75 zone, recording a 0.5% gain on the day, with immediate resistances lining up at 101.91 (daily high) and 102.00 (psychological level) ahead of the 102.50 area (May 28 & 29 highs). On the flip side, supports are seen at 101.65 (intraday level) and 101.13 (daily low).