Back
19 Sep 2013
USD/JPY holding over key support
FXstreet.com (London) - USD/JPY has taken out key resistance that now comes as support in 99.40 territory, with the pair currently sitting at 99.55 and looking comfortable.
USD/JPY got a lift from better data from the US. The US reported initial jobless claims rose to 309K last week, beating expectations, while the current account deficit contracted to 98.89B in the Q2.
USD/JPY Levels
The 20 DMA is 98.97, the 50 DMA is 98.64 and the 200 DMA is 95.88. RSI (14) reads 72.00. Supports are ascending from 97.29, 97.45, 97.65, 97.76, 98.57, 98.79 and 99.12. Spot is 99.55. The pair eyes 100.00/60 for September highs.
USD/JPY got a lift from better data from the US. The US reported initial jobless claims rose to 309K last week, beating expectations, while the current account deficit contracted to 98.89B in the Q2.
USD/JPY Levels
The 20 DMA is 98.97, the 50 DMA is 98.64 and the 200 DMA is 95.88. RSI (14) reads 72.00. Supports are ascending from 97.29, 97.45, 97.65, 97.76, 98.57, 98.79 and 99.12. Spot is 99.55. The pair eyes 100.00/60 for September highs.