3 Jul 2013
USD/JPY regains 100.00 barrier
FXstreet.com (New York) - The USD/JPY foreign exchange rate has miraculously rebounded and pared nearly half its intraday losses to regain the vaunted 100.00 level during US trading.
USD/JPY trading at support
In recent minutes, the USD/JPY has recovered the mark of 100.11 Wednesday, still -0.48% off its opening. Though the pair has risen back above calculated support, it is worth noting the levels of fortification at 99.85, ahead of 99.02, and eventually 98.52.
USD/JPY bearishness prevalent?
According to the Technical Analyst Team at ICN.com, “The USD/JPY dropped and broke 99.95 levels then tried to break the bullish key support level. The drop failed our positive expectations referred to in our previous report. Further bearishness might currently occur, as breaking levels 99.95 triggered an intraday descending wave.”
USD/JPY trading at support
In recent minutes, the USD/JPY has recovered the mark of 100.11 Wednesday, still -0.48% off its opening. Though the pair has risen back above calculated support, it is worth noting the levels of fortification at 99.85, ahead of 99.02, and eventually 98.52.
USD/JPY bearishness prevalent?
According to the Technical Analyst Team at ICN.com, “The USD/JPY dropped and broke 99.95 levels then tried to break the bullish key support level. The drop failed our positive expectations referred to in our previous report. Further bearishness might currently occur, as breaking levels 99.95 triggered an intraday descending wave.”