2 Jul 2013
USD/JPY trading at 100.50 resistance
FXstreet.com (New York) - The USD/JPY upward thrust finally capped at the 100.75 (intraday high), easing recently during US trading.
USD/JPY prolonged thrust above 100.00 probable
“As the USD/JPY continues towards the secondary squeeze target of 100.00, the biggest concern is that this is not merely a sharp corrective squeeze, but a break higher, past the aforementioned barrier.” notes Head of Global Markets Research Tim Riddell at ANZ.
USD/JPY still advancing strongly
Despite the minor easing movement, the USD/JPY is still up a steadfast +0.85%, operating at 100.50 in these moments. Briefing the technical levels, Mataf.net analysts have identified resistance at 100.50. Alternatively, supports lie lower at 99.26, ahead of 98.94, and 98.64.
USD/JPY prolonged thrust above 100.00 probable
“As the USD/JPY continues towards the secondary squeeze target of 100.00, the biggest concern is that this is not merely a sharp corrective squeeze, but a break higher, past the aforementioned barrier.” notes Head of Global Markets Research Tim Riddell at ANZ.
USD/JPY still advancing strongly
Despite the minor easing movement, the USD/JPY is still up a steadfast +0.85%, operating at 100.50 in these moments. Briefing the technical levels, Mataf.net analysts have identified resistance at 100.50. Alternatively, supports lie lower at 99.26, ahead of 98.94, and 98.64.