6 Nov 2013
USD/JPY capped below 98.70
FXstreet.com (Chicago) - USD/JPY extends parallel price action although slightly higher edges points to potential gradual ascend hours away from the Wall Street closing. So far, the pair accumulates 0.22% gains for a total of +120 pips won this month.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 98.68 and oscillates between the supports aligned at 98.38 (October 31st highs), 98 (October 30th lows) ahead of 97.46 (October 29th lows) and the resistances aligned at 98.69 (October 30th highs), 99 (October 16th highs) followed by 99.36 (September 20th highs). According to the FXstreet.com trend index, the pair is reported as slightly bullish on one-hour timeframe analysis above the EMA20.
USD/JPY Technical Levels
Technically speaking, the pair is offered at 98.68 and oscillates between the supports aligned at 98.38 (October 31st highs), 98 (October 30th lows) ahead of 97.46 (October 29th lows) and the resistances aligned at 98.69 (October 30th highs), 99 (October 16th highs) followed by 99.36 (September 20th highs). According to the FXstreet.com trend index, the pair is reported as slightly bullish on one-hour timeframe analysis above the EMA20.