by Tue, 06 Apr 2010 01:24:00 +0200
USD/JPY correction complete
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 94.34. As expected downside corrective movement was limited by the 94.10 support area from where the pair is slightly regaining the upside; generally flat as most pair after past Easter Holidays, pair has a positive bias ahead of Nikkei opening favored by strong rises in stocks and commodities past American session.
“Key resistance level remains at the 94.70 area, so an acceleration above this last just favor an upside continuation with 95.50 as next key midterm resistance zone,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 94.10 93.70 93.45. Resistance levels: 94.70 95.10 95.55.
| Technical Analysis (2010-04-05 23:18 GMT) | |
|---|---|
USD/JPY 94.33/94.41 - O: 94.36 H: 94.37 L: 94.33 C: 94.33 | |
| Trend | R3: 94.8720 |
 | R2: 94.6360 |
| R1: 94.4000 | |
| S1: 93.8683 | |
| S2: 94.1042 | |
| S3: 94.3400 | |
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