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8 Jan 2015
USD/JPY testing resistance at 119.83 – MP
FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at Market Pulse, notes that USD/JPY posted gains in the Asian session, testing the now weakened 119.83 resistance, further anticipating a break above this to lead the pair to test 120.63 levels.
Key Quotes
“USD/JPY has posted small gains on Thursday, as the pair trades in the mid-119 range early in the North American session. On the release front, US Unemployment Claims rose to 294 thousand, slightly above the estimate. There are no Japanese indicators on Thursday.”
“USD/JPY posted gains in the Asian session, testing resistance at 119.83. The pair edged lower in the European session and is unchanged early in North American trade.”
“118.69 is providing strong support.”
“On the upside, 119.83 has weakened. Will the pair break through in the North American session? 120.63 is a stronger line.”
“Current range: 118.69 to 119.83”
Key Quotes
“USD/JPY has posted small gains on Thursday, as the pair trades in the mid-119 range early in the North American session. On the release front, US Unemployment Claims rose to 294 thousand, slightly above the estimate. There are no Japanese indicators on Thursday.”
“USD/JPY posted gains in the Asian session, testing resistance at 119.83. The pair edged lower in the European session and is unchanged early in North American trade.”
“118.69 is providing strong support.”
“On the upside, 119.83 has weakened. Will the pair break through in the North American session? 120.63 is a stronger line.”
“Current range: 118.69 to 119.83”