23 Jul 2013
USD/JPY retreats after US housing data
FXstreet.com (Córdoba) - The USD/JPY failed to hold above the 100.00 mark and pulled back slightly after data showed US housing price index rose 0.7% in May, slightly below expectations.
The USD/JPY was rejected from a peak of 100.17 although with the subsequent dip being contained by the 99.90 zone, the pair stabilized in a slim range around 100.00. At time of writing, USD/JPY is trading at the 99.95 zone, still up 0.3% on the day.
USD/JPY technical levels
In terms of technical levels, if USD/JPY breaks above 100.05, next resistances could be found at 100.60 (Jul 22 high) and 100.85 (Jul 19 high), while on the other hand supports are seen at 99.14 (daily low) and 99.00 (psychological level).
The USD/JPY was rejected from a peak of 100.17 although with the subsequent dip being contained by the 99.90 zone, the pair stabilized in a slim range around 100.00. At time of writing, USD/JPY is trading at the 99.95 zone, still up 0.3% on the day.
USD/JPY technical levels
In terms of technical levels, if USD/JPY breaks above 100.05, next resistances could be found at 100.60 (Jul 22 high) and 100.85 (Jul 19 high), while on the other hand supports are seen at 99.14 (daily low) and 99.00 (psychological level).