Forex: USD/JPY falters at 100.75

on Jul 19, 2013
Listen Friday July 19th_: Yesterday the market witnessed a one percent rise in the USD/JPY, which closed the day’s trading at 100.55. So far today the pair has been in descent from yesterday’s close, after first reaching a high of 100.85 and then retracing to a low of 99.79 so far intraday, to be currently taking stock at 100.30.

At the beginning of Asian trading, the pair tested the 100.75 resistance but failed to break on through to the other side and dropped sharply.
The rising MA89 on the 4H chart has been providing support today, hindering much movement below 100.01.
Resistances today: 100.20, 100.40 and 100.85.
Supports: 99.80, 99.45 and 99.00.

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JPY Forex