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13 Jun 2013
USD/JPY trading near lows around 95.50
FXstreet.com (Barcelona) - With Nikkei index down -2.86% in early Tokyo trade, USD/JPY is last at fresh session lows 99.45, down -2.19% for the week so far.
According to Valeria Bednarik, Chief Analyst at Fxstreet.com the pair maintains the negative bias looking to its technical readings in the hourly chart. “Price had developed most of the day below its 100 DMA, now around 96.40, another sign pointing for a continued slide,” Bednarick said.
Valeria finds support levels at: 95.40 and 95.00, while resistance levels at: 96.40, 96.80 and 97.10.
According to Valeria Bednarik, Chief Analyst at Fxstreet.com the pair maintains the negative bias looking to its technical readings in the hourly chart. “Price had developed most of the day below its 100 DMA, now around 96.40, another sign pointing for a continued slide,” Bednarick said.
Valeria finds support levels at: 95.40 and 95.00, while resistance levels at: 96.40, 96.80 and 97.10.