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Sep 16, 2014
USD/JPY faces the 107.00 frontier
FXStreet (San Francisco) - It seems the 107.30 area is providing more problems that initially thought for the USD/JPY as the pair hasn't been able to break above it despite several attempts.
The last try was in the European morning with a daily high of 107.30 but the pair was rejected to test the 107.00 area where it remains pricing in sideways mode.
Currently, USD/JPY is trading at 107.12, down 0.06% on the day, having posted a daily high at 107.35 and low at 106.93. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/JPY levels
If the pair manages to hold the 107.00 level, it will face next resistances at 107.30, 107.40 and 107.80. On the downside, supports are at the mentioned 107.00, then 106.90 and 106.60.
The last try was in the European morning with a daily high of 107.30 but the pair was rejected to test the 107.00 area where it remains pricing in sideways mode.
Currently, USD/JPY is trading at 107.12, down 0.06% on the day, having posted a daily high at 107.35 and low at 106.93. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
USD/JPY levels
If the pair manages to hold the 107.00 level, it will face next resistances at 107.30, 107.40 and 107.80. On the downside, supports are at the mentioned 107.00, then 106.90 and 106.60.