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9 Jan 2014
USD/JPY oscillates below 105.00
FXstreet.com (Córdoba) - The USD/JPY was rejected once again by the 105.00 area during the New York session and fell to the lower-side of today's range before finding support and bouncing to the flat line.
The USD/JPY has oscillated Thursday but remains well within its recent range, unable to set a fresh direction ahead of tomorrow's nonfarm payrolls. At time of writing the USD/JPY is trading at the 104.90 area, virtually unchanged on the day.
USD/JPY technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that indicators stand in neutral territory in short-term charts, giving not much clues on directions just yet. "More range should be expected today, ahead of tomorrow's data", the analyst said.
As for technical levels, Bednarik locates immediate supports at 104.30, 103.90 and 103.55, while she places resistances at 105.10, 105.50 and 105.90.
The USD/JPY has oscillated Thursday but remains well within its recent range, unable to set a fresh direction ahead of tomorrow's nonfarm payrolls. At time of writing the USD/JPY is trading at the 104.90 area, virtually unchanged on the day.
USD/JPY technical outlook
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com notes that indicators stand in neutral territory in short-term charts, giving not much clues on directions just yet. "More range should be expected today, ahead of tomorrow's data", the analyst said.
As for technical levels, Bednarik locates immediate supports at 104.30, 103.90 and 103.55, while she places resistances at 105.10, 105.50 and 105.90.