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17 Jun 2013
USD/JPY trading below 95.00 barrier
FXstreet.com (New York) - The USD/JPY has managed to drift ajar from the 95.00 barrier Monday, notching solid gains during the European session.
USD/JPY maintains negative course below 96.40
According to the Technical Analyst Team at ICN.com, “The USD/JPY traded to the downside last week as we see the linear regression indicators still reflect negativity that might extend. However this week, the pair has to break 93.55 levels to trigger another bearish wave targeting 90.40 levels. Generally, trading below 96.40 levels forces us to keep our negative expectations for the week.”
Amidst the recent uptrend Monday, the USD/JPY is now settling at 94.86 in these moments, secure g a gain of +0.73% above its opening. The Mataf.net analyst team points to the next levels of resistive correction at 95.34, onto 96.05, and eventually 96.73. Alternatively, a plunge into negative territory will eventually drive the pair towards supports at 93.95, then 93.27, and finally 92.56.
USD/JPY maintains negative course below 96.40
According to the Technical Analyst Team at ICN.com, “The USD/JPY traded to the downside last week as we see the linear regression indicators still reflect negativity that might extend. However this week, the pair has to break 93.55 levels to trigger another bearish wave targeting 90.40 levels. Generally, trading below 96.40 levels forces us to keep our negative expectations for the week.”
Amidst the recent uptrend Monday, the USD/JPY is now settling at 94.86 in these moments, secure g a gain of +0.73% above its opening. The Mataf.net analyst team points to the next levels of resistive correction at 95.34, onto 96.05, and eventually 96.73. Alternatively, a plunge into negative territory will eventually drive the pair towards supports at 93.95, then 93.27, and finally 92.56.