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19 Jun 2013
USD/JPY above 95.50 on Yen weakness
FXstreet.com (Barcelona) - USD/JPY is trading near session highs at 95.55 last, off early NY session weekly highs at 95.76. The pair is up +0.96% since yesterday's Asia-Pacific open, and +1.57% for the week so far.
Waiting for FOMC
“Technical readings show a slightly short term bullish tone, as price stands above 100 SMA and indicators above their midlines, but buying interest remains quite limited,” said Valeria Bednarik, Chief Analyst at Fxstreet.com. “In the 4 hours chart technical readings remain neutral, which suggests market will remain ranging around 95.00 until FOMC announcement,” Benarick added.
Key technical levels
The analyst sees support levels at: 94.90, 94.50 and 94.10, while resistance levels at: 95.30, 95.75 and 96.05.
Waiting for FOMC
“Technical readings show a slightly short term bullish tone, as price stands above 100 SMA and indicators above their midlines, but buying interest remains quite limited,” said Valeria Bednarik, Chief Analyst at Fxstreet.com. “In the 4 hours chart technical readings remain neutral, which suggests market will remain ranging around 95.00 until FOMC announcement,” Benarick added.
Key technical levels
The analyst sees support levels at: 94.90, 94.50 and 94.10, while resistance levels at: 95.30, 95.75 and 96.05.