by Tue, 11 May 2010 01:10:00 +0200
USD/JPY Consolidating above 93.00
FXstreet.com (Buenos Aires) – USD/JPY Current Price: 93.38. Holding above the 93.00 pair has been consolidating in a tight range, erasing most of past Thursday loses; with hourly indicators flat pair has no clear bias from the technical perspective, thus strong recovery in Wall Street likely to be replicated by its Asian pears, favoring the upside.
“Pair needs to accelerate above the 93.75 mid April top range to confirm a bullish extension as long as the downside remains capped by 92.80 support zone,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 93.30 93.00 92.70. Resistance levels: 93.75 94.10 94.40.
| Technical Analysis (2010-05-10 23:03 GMT) | |
|---|---|
USD/JPY 93.14/93.18 - O: 93.18 H: 93.2 L: 93.11 C: 93.14 | |
| Trend | R3: 93.7213 |
 | R2: 93.4881 |
| R1: 93.2550 | |
| S1: 92.6196 | |
| S2: 92.8523 | |
| S3: 93.0850 | |
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