by Thu, 29 Apr 2010 21:09:00 +0200
Forex: USD/JPY pulls back to 94.00
FXstreet.com (Córdoba) – The Dollar continues to pull back against the Yen. USD/JPY is hovering around 94.00, retreating from 94.27 (daily high). The pair is slightly lower on Thursday after rising almost a hundred pips Wednesday.
According to Michael J. Malpede, analyst at Easy Forex the key technical levels to watch in lie at the support at 92.99 (April 28 low) and the resistance at 94.78 (April 5 high).
Below 94.00 immediate support lies at 93.80/85 (session low) and below at 93.30. To the upside resistance levels lie at 94.30/35 and above at 94.70.
| Technical Analysis (2010-04-29 17:53 GMT) | |
|---|---|
USD/JPY 94.07/94.11 - O: 94.09 H: 94.1 L: 94.03 C: 94.07 | |
| Trend | R3: 94.6157 |
 | R2: 94.3804 |
| R1: 94.1450 | |
| S1: 93.5748 | |
| S2: 93.8099 | |
| S3: 94.0450 | |
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