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Forex: USD/JPY remains in positive territory at 99.52/54

FXstreet.com (Barcelona) - The USD/JPY has failed to break in either direction Wednesday during European trading, instead hugging the threshold between positive and negative territory in recent minutes. With fireworks in the overnight session, a more sideways movement recently has left the pair trading at 99.52/54 currently.

According to the technical analyst team at ICN.com, “The USD/JPY is showing three negative signals that are stability below 99.85 levels and failing to breach it, the negative crossover shown on the stochastic and the bearish move taken by RSI; though its linear regression indicators tend to be positive.

Mataf.net analysts isolate resistances at 100.06, ahead of 100.55, and finally 101.34. On the decline, the USD/JPY will encounter calculated support at 98.79, then the 98.00 barrier, and finally 97.51.

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