Forex: USD/JPY holding above 100

on Sep 11, 2013
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_iNVEZZ.com September Wednesday 11th_: The USD/JPY yesterday managed to again cross above the 100.00 psychological level, gaining 0.59 percent with the daily candle opening at 99.70 and closing at 100.29. The day’s trading range was from 99.46 to 100.44. The price closed above the daily fractal from 5 September at 100.21, which suggests that the pair will rally further.

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Since the beginning of the Asian session today, the USD/JPY has been seesawing, reaching an intraday peak at 100.60 (the highest point since 21 July and the first resistance level for today) and a short time ago an intraday low at 100.07, which almost tested the 100 mark. Right now the pair is changing hands at 100.17, right above the 100.15 support level.

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Forex: USD/JPY: 100.16 a pip too far Forex: Afternoon update: Negative data from Italy and France

Bid HIGH or LOW
http://nvz.bz/1az2PQH
The current fall has been helped by the MACD (9,12,1) divergence on the 1H chart.
On the 1H, 4H and daily scales the MACD is positive and the 89- and 200-period simple moving averages are floating below the price action, indicating overall bullish sentiment.

Sustained trading above 100 would push the price upwards and towards the first major target, being the 7 July high at 101.52.
Levels of resistance significant today: 100.60, 100.85 and 101.05.
Levels of significant support: 100.35, 100.15 and 99.50.
!fm[](/uploads/story/5393/usdjpyh1_1109.png)

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**Start Trading CFDs in more than 50 countries. >> **
Forex: USD/JPY: 100.16 a pip too far Forex: Afternoon update: Negative data from Italy and France

Bid HIGH or LOW
http://nvz.bz/1az2PQH

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