Forex: USD/JPY – 100.00 still in the game?

on Jul 1, 2013
Listen Monday July 01st_: The past two weeks’ uptrend of 5.10 percent has continued today, after the Friday high of 99.43 was breached during the Asian session. At the moment the pair is trading at 99.57. The day’s high reached thus far is at 99.71.

The 100.00 psychological level is close to the price action and could well be tested today.
The uptick is supported by the MA89 and MA200 floating below the USD/JPY graph on the daily, 4H and 1H timeframes. Also, on the same scales the MACD indicator is positive.
Resistance levels for today: 99.55, 99.94/100.00 and 100.35.
Support levels for the day: 99.10, 98.65 and 98.20.

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