11 Nov 2013
USD/JPY back above 99.00
FXstreet.com (Córdoba) - The USD/JPY settled in a range Monday after strong US NFP reading sent the pair to a high of 99.23.
The USD/JPY pulled back during the Asian session and briefly dipped below the 99.00 mark after Japan posted a larger than expected current account deficit in September, but managed to find support at the 21-hour SMA and bounced. At time of writing, the pair is trading at the 99.10 area, still 0.1% below its opening price, with no much ahead in the calendar and the US on holiday.
USD/JPY levels to watch
In terms of technical levels, if the USD/JPY manages to break above the 99.25 zone, next resistances are seen at 99.40 (Nov 7 high) and 99.66 (Sep 20 high). On the downside, supports might be faced at 98.92 (daily low) and 98.58 (100-day SMA).
The USD/JPY pulled back during the Asian session and briefly dipped below the 99.00 mark after Japan posted a larger than expected current account deficit in September, but managed to find support at the 21-hour SMA and bounced. At time of writing, the pair is trading at the 99.10 area, still 0.1% below its opening price, with no much ahead in the calendar and the US on holiday.
USD/JPY levels to watch
In terms of technical levels, if the USD/JPY manages to break above the 99.25 zone, next resistances are seen at 99.40 (Nov 7 high) and 99.66 (Sep 20 high). On the downside, supports might be faced at 98.92 (daily low) and 98.58 (100-day SMA).