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26 Jun 2013
USD/JPY rangebound above 97.00
FXstreet.com (Córdoba) - As the dip triggered by the US GDP data was only temporal, USD/JPY managed to erase intraday losses during the American afternoon.
USD/JPY contained by 100-day SMA
USD/JPY has spent the last sessions within the 96.95/98.25 range contained by the 100-day SMA, unable to set a fresh direction, and getting traders bored. At time of writing, USD/JPY is quoting around 97.70, virtually unchanged on the day.
In terms of technical levels, USD/JPY could find immediate supports at 96.95 (Jun 25 low), 96.80 (Jun 20 low) and 96.50 (200-hour SMA), while resistances line up at 98.25 (daily high), 98.70 (Jun 24 high) and 99.00 (psychological level).
USD/JPY contained by 100-day SMA
USD/JPY has spent the last sessions within the 96.95/98.25 range contained by the 100-day SMA, unable to set a fresh direction, and getting traders bored. At time of writing, USD/JPY is quoting around 97.70, virtually unchanged on the day.
In terms of technical levels, USD/JPY could find immediate supports at 96.95 (Jun 25 low), 96.80 (Jun 20 low) and 96.50 (200-hour SMA), while resistances line up at 98.25 (daily high), 98.70 (Jun 24 high) and 99.00 (psychological level).