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20 Dec 2013
USD/JPY retakes 104 front
FXstreet.com (Chicago) - USD/JPY fell to 103.86 session lows on strong bearish pressure that reveals a retracement from 104.65 highs. So far, the par losses 0.21% and yet remains 0.81% positive for the week.
USD/JPY Technical Levels
Price action reveals the pair is offered at 104 and oscillates between the supports aligned at 103.90 (December 4th highs), 103.37 (December 2nd highs) ahead of 102.89 (December 12th highs) and the resistances set at 104.34 (December 18th highs), 104.87 (July 10th 2002 highs) followed by 135 (January 1st 2002 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and flows above the EMA20.
USD/JPY Technical Levels
Price action reveals the pair is offered at 104 and oscillates between the supports aligned at 103.90 (December 4th highs), 103.37 (December 2nd highs) ahead of 102.89 (December 12th highs) and the resistances set at 104.34 (December 18th highs), 104.87 (July 10th 2002 highs) followed by 135 (January 1st 2002 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and flows above the EMA20.