by Thu, 22 Apr 2010 01:43:00 +0200
USD/JPY: Testing 93.00 level
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 93.05. Still holding in mid April range, pair was unable to break above 93.40 and is back testing 93.00, with a bearish perspective for current Asian session.
“Hourly charts show pair toping at mentioned area and indicators heading lower, with 4 hours charts showing the same picture; pair should break under 92.80 support, to aim lower ahead of Nikkei opening,” ,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 92.80 92.50 92.20. Resistance levels: 93.15 93.40 93.75.
| Technical Analysis (2010-04-21 23:38 GMT) | |
|---|---|
USD/JPY 93.04/93.06 - O: 93.04 H: 93.06 L: 92.99 C: 93.04 | |
| Trend | R3: 93.5806 |
 | R2: 93.3478 |
| R1: 93.1150 | |
| S1: 92.5499 | |
| S2: 92.7825 | |
| S3: 93.0150 | |
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