Back
5 Aug 2013
USD/JPY capped below 99.00
FXstreet.com (Chicago) - USD/JPY stalled below 99.00 key resistance as yen continued to recover after the US job data published last week and on outlook for the BoJ monthly economic survey.
Technically speaking, the pair traded at 98.87, close to 98.84 support (July 31st highs) ahead of 98.68 (July 24 lows) and 98.59 (July 26 highs) following supports. Resistances were set at 99.00 (key psychological region), 99.20 (July 22 lows), 99.36 (July 23 lows) after the price was capped to retrace twice from 99.20 regions.
The FXstreet.com technical studies reported pair as strongly bearish as both MACD and CCI pointed down. The Nikkei had opened down to remain at -1.16% losses so far on one-hour timeframe analysis.
Technically speaking, the pair traded at 98.87, close to 98.84 support (July 31st highs) ahead of 98.68 (July 24 lows) and 98.59 (July 26 highs) following supports. Resistances were set at 99.00 (key psychological region), 99.20 (July 22 lows), 99.36 (July 23 lows) after the price was capped to retrace twice from 99.20 regions.
The FXstreet.com technical studies reported pair as strongly bearish as both MACD and CCI pointed down. The Nikkei had opened down to remain at -1.16% losses so far on one-hour timeframe analysis.