19 Jul 2013
USD/JPY bounces off 1.3070 level
FXstreet.com (New York) - The USD/JPY foreign exchange rate fell off the 100.40 handle Friday during US trading, having managed to stabilize above the 100.00 level thus far.
USD/JPY technical bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY moved back to the upside and achieved a four-hour closing above Linear Regression Indicator 34 bringing positivity back. Meanwhile, the stochastic still tends to be negative forcing us to suggest being neutral also today to see how the pair would react at 99.95.”
In light of the recent pullback by the USD/JPY, the pair is now trading negatively at -0.18%, settling at 100.25 in these moments. Supportive means will trigger at 99.96, ahead of 99.15, and finally 98.70, notes the Mataf.net analyst team.
USD/JPY technical bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY moved back to the upside and achieved a four-hour closing above Linear Regression Indicator 34 bringing positivity back. Meanwhile, the stochastic still tends to be negative forcing us to suggest being neutral also today to see how the pair would react at 99.95.”
In light of the recent pullback by the USD/JPY, the pair is now trading negatively at -0.18%, settling at 100.25 in these moments. Supportive means will trigger at 99.96, ahead of 99.15, and finally 98.70, notes the Mataf.net analyst team.