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20 Jun 2013

USD/JPY testing the 98.00 barrier

FXstreet.com (New York) - The USD/JPY foreign exchange rate has sailed considerably higher, recently peaking at the 98.34 level (session high) during European trading Thursday.

USD/JPY upside capped by second resistance

Perhaps no pair has received more of an impetus than the USD/JPY, which at the time of writing is now surging again today at 97.95 or +1.54% thus far. Following a movement above resistance at 97.40, Mataf.net analysts calculate additional resistances for the pair at 98.31 (session high), onto 99.66. On the downside, a break below the 95.20 handle will initiate support at 93.92 and 93.00.

USD/JPY will extend bullishness above 96.10

According to the Technical Analyst Team at ICN.com, “The USD/JPY moved to the upside breaching and stabilizing above key resistance level of the bearish move. The linear regression indicators reflect positivity that started by breaching the referred to resistance level, and stability above 96.10 is positive and might extend bullishness.
Jun 20, 2013

AUD/USD fresh lows

AUD/USD dropped in free fall from 0.9559 until 0.9261 before it found a base over night.
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Jun 20, 2013

EUR/GBP operating near session lows

The EUR/GBP technical cross collapsed below support Thursday, having destabilized towards session lows during European trading.
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