18 Nov 2013
USD/JPY dips below 100.00
FXstreet.com (Córdoba) - The USD/JPY pulled back from 2-month highs Monday as the greenback weakened across the board.
After printing a 2-monthhigh of 100.42 Friday, the USD/JPY entered a corrective phase and dropped back below the 100.00 mark during the Asian session, triggering a steeper decline after the break. The pair is currently trading at the 99.95 zone, recording a 0.3% loss on the day, having hit a daily low of 99.78 in recent dealings.
USD/JPY levels to watch
In terms of technical levels, the USD/JPY could find immediate supports at 99.78 (daily low), 99.13 (Nov 14 low) and 99.00 (psychological level). On the other hand, resistances are seen at 100.38 (daily high), 100.42 (Nov 15 high) and 100.60 (Sep 11 high).
After printing a 2-monthhigh of 100.42 Friday, the USD/JPY entered a corrective phase and dropped back below the 100.00 mark during the Asian session, triggering a steeper decline after the break. The pair is currently trading at the 99.95 zone, recording a 0.3% loss on the day, having hit a daily low of 99.78 in recent dealings.
USD/JPY levels to watch
In terms of technical levels, the USD/JPY could find immediate supports at 99.78 (daily low), 99.13 (Nov 14 low) and 99.00 (psychological level). On the other hand, resistances are seen at 100.38 (daily high), 100.42 (Nov 15 high) and 100.60 (Sep 11 high).