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11 Sep 2013
USD/JPY contained by 100-hour SMA
FXstreet.com (Córdoba) - The USD/JPY failed to hold above the 100.00 mark and weighed by the decline in US yields, it fell to retest daily lows during the American afternoon.
However, USD/JPY has found support at the 100-hour SMA around 99.85 and settled in a tight range over the last hours. At time of writing, the pair is trading at the 99.95 area, where it records a 0.4% loss on the day, after being rejected from a high of 100.60.
USD/JPY supports and resistances
If USD/JPY falls below 99.85 (100-hour SMA), next supports could be found at 99.45 (Sep 10 low) and 99.33 (Sep 9 low). On the other hand, resistances are now seen at 100.45 (Sep 10 high) and 100.60 (daily high) ahead of 100.85 (Jul 19 high).
However, USD/JPY has found support at the 100-hour SMA around 99.85 and settled in a tight range over the last hours. At time of writing, the pair is trading at the 99.95 area, where it records a 0.4% loss on the day, after being rejected from a high of 100.60.
USD/JPY supports and resistances
If USD/JPY falls below 99.85 (100-hour SMA), next supports could be found at 99.45 (Sep 10 low) and 99.33 (Sep 9 low). On the other hand, resistances are now seen at 100.45 (Sep 10 high) and 100.60 (daily high) ahead of 100.85 (Jul 19 high).