5 Sep 2013
USD/JPY extends bullishness above 100.00
FXstreet.com (Lisbon) - The USD/JPY breached the 100.00 region during European trading Thursday, trading in the heights of 100.10 (session high), as the pair extends a bullish streak.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY is still stable above 99.35 represented in 61.8% correction forcing us to hold on to our positive expectations. Stability above 61.8% correction indicates another possibility of an upside move even if the pair is around key resistance level of the ascending channel, but the possibility of extending bullishness is valid unless the pair broke 99.35 levels.”
USD/JPY technical levels
Presently, the USD/JPY has is still trading positively at +0.19% above its opening, settling at 99.94. Briefing the technicals, the USD/JPY will encounter means of calculated resistance at 99.93 a break of which will open up 100.13, onto 100.44, notes the Mataf.net analyst team.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY is still stable above 99.35 represented in 61.8% correction forcing us to hold on to our positive expectations. Stability above 61.8% correction indicates another possibility of an upside move even if the pair is around key resistance level of the ascending channel, but the possibility of extending bullishness is valid unless the pair broke 99.35 levels.”
USD/JPY technical levels
Presently, the USD/JPY has is still trading positively at +0.19% above its opening, settling at 99.94. Briefing the technicals, the USD/JPY will encounter means of calculated resistance at 99.93 a break of which will open up 100.13, onto 100.44, notes the Mataf.net analyst team.