11 Nov 2013
USD/JPY holds on to the 99.00 zone
FXstreet.com (Chicago) - USD/JPY continues oscillating above the 99 zone ahead of Tokyo’s opening after sustaining last rally’s performance.
Data ahead, long-term timeframe
Ahead of bank lending data along trade balance results due later on in Japan, market participants sustain the pair’s price above the 99 zone. Retracing from the 99.20 zone, the pair prints highs at 99.25 and lows at 99.11. On long-term timeframes, the pair is supported by the primary and secondary trends.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 99.14 and oscillates between the supports aligned 99 (October 17th highs), 98. 69 (October 30th highs), 98.38 (October 22nd highs) and the resistances aligned at 99.36 (November 7th highs), 99.82 (September 16th highs), 100 (key psychological level). According to the FXstreet.com trend index, the pair is slightly bullish and flows above the EMA20.
Data ahead, long-term timeframe
Ahead of bank lending data along trade balance results due later on in Japan, market participants sustain the pair’s price above the 99 zone. Retracing from the 99.20 zone, the pair prints highs at 99.25 and lows at 99.11. On long-term timeframes, the pair is supported by the primary and secondary trends.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 99.14 and oscillates between the supports aligned 99 (October 17th highs), 98. 69 (October 30th highs), 98.38 (October 22nd highs) and the resistances aligned at 99.36 (November 7th highs), 99.82 (September 16th highs), 100 (key psychological level). According to the FXstreet.com trend index, the pair is slightly bullish and flows above the EMA20.