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19 Sep 2014
USD/JPY bulls having a go of the 109 handle
FXStreet (Guatemala) - USD/JPY is trading at 109.17, up 0.46% on the day, having posted a daily high at 109.21 and low at 108.64.
USD/JPY is testing the 109 handle while markets are trading through Sterling in the Scottish voting results and the Yen has been left for dust o the cross in GBP/JPY. USD/JPY is on extreme overbought conditions and bulls may find that there is strong resistance ahead in the early part of the handle.
USD/JPY levels
USD/JPY is trading 109.10 with resistance coming in at 109.27 (Daily Classic R2) and 110.14 (Daily Classic R3). Next support to the downside can be found at 108.82 (Daily Classic R1), 108.70, 108.64 (Hourly 20 EMA), 108.64 and 108.38.
USD/JPY is testing the 109 handle while markets are trading through Sterling in the Scottish voting results and the Yen has been left for dust o the cross in GBP/JPY. USD/JPY is on extreme overbought conditions and bulls may find that there is strong resistance ahead in the early part of the handle.
USD/JPY levels
USD/JPY is trading 109.10 with resistance coming in at 109.27 (Daily Classic R2) and 110.14 (Daily Classic R3). Next support to the downside can be found at 108.82 (Daily Classic R1), 108.70, 108.64 (Hourly 20 EMA), 108.64 and 108.38.