22 Jul 2013
USD/JPY bounces at 99.25; back above 99.50
FXstreet.com (San Francisco) - After falling around 75 pips from the 100.00 area in the early American session, the USD/JPY found support at 99.25, session lows, where the pair has bounced to trade in consolidation mode just above the 99.50.
Currently, the USD/JPY is pricing around 99.55, 0.87% down on the day. Short therm perspective has turned into slightly bullish mood according to the FXstreet.com trend index. Indicators such as CCI, Momentum are pointing to the north while the MACD is neutral and the Stochastic is bearish.
USD/JPY's levels
Above the 99.50, next resistances are at the 100.00 area, 100.15 and 100.65. On the downside, the USD/JPY could face supports at the daily low at 99.25, 98.90 and 98.25.
Currently, the USD/JPY is pricing around 99.55, 0.87% down on the day. Short therm perspective has turned into slightly bullish mood according to the FXstreet.com trend index. Indicators such as CCI, Momentum are pointing to the north while the MACD is neutral and the Stochastic is bearish.
USD/JPY's levels
Above the 99.50, next resistances are at the 100.00 area, 100.15 and 100.65. On the downside, the USD/JPY could face supports at the daily low at 99.25, 98.90 and 98.25.