10 Jul 2013
Flash: USD/JPY eyes key 101.53 resistance – UBS
FXstreet.com (New York) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.
Beginning with the USD/JPY, “The focus is on further upside, with immediate resistance at 101.53 ahead of the key resistance at 103.74. Support is at 99.26, suggesting a bullish intraday outlook.”
As for the GBP/USD, the pair tested the key support 1.4832. A closing break below this would be negative, opening 1.4646. Resistance is at 1.4981. Finally, regarding the USD/CHF, our resistance focus is at the significant 0.9839. The downside should be limited with support is at 0.9626.
Beginning with the USD/JPY, “The focus is on further upside, with immediate resistance at 101.53 ahead of the key resistance at 103.74. Support is at 99.26, suggesting a bullish intraday outlook.”
As for the GBP/USD, the pair tested the key support 1.4832. A closing break below this would be negative, opening 1.4646. Resistance is at 1.4981. Finally, regarding the USD/CHF, our resistance focus is at the significant 0.9839. The downside should be limited with support is at 0.9626.