17 Feb 2015
USD/JPY rises above 119.00
FXStreet (Córdoba) - USD/JPY pushed higher during the American session and climbed back above the 119.00 level despite disappointing US housing data.
The dollar gathered momentum across the board during the last hours and rose to a fresh 4-day high of 119.09 against the yen in recent dealings, leaving behind the 200- and 100-hour SMAs. At time of writing, USD/JPY is trading at 119.05, recording a 0.51% daily gain.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 119.19 (Feb 13 high) and 119.60 (Feb 10 high). On the flip side, supports are seen at 118.27 (Feb 16 low) and 118.00 (psychological level).
The dollar gathered momentum across the board during the last hours and rose to a fresh 4-day high of 119.09 against the yen in recent dealings, leaving behind the 200- and 100-hour SMAs. At time of writing, USD/JPY is trading at 119.05, recording a 0.51% daily gain.
USD/JPY levels to watch
In terms of technical levels, USD/JPY could find immediate resistances at 119.19 (Feb 13 high) and 119.60 (Feb 10 high). On the flip side, supports are seen at 118.27 (Feb 16 low) and 118.00 (psychological level).