20 Jul 2015
USD/JPY holds near 1-month highs
FXStreet (Córdoba) - USD/JPY pulled back slightly from recent highs in waht should be considered a mild correction as the pair consolidates near monthly highs in the absence of first tier data or speakers of note during the New York session.
USD/JPY failed to break above the 124.35/40 zone and retreated from highs as the dollar softened a tad over the last hours. However, the pair is holding onto gains above the 124 mark, on track to post its sixth gain out of eight trading days. At time of writing, USD/JPY is trading at 124.25, up 0.16% on the day.
USD/JPY key levels
In terms of technical levels, on the upside next resistances are seen at 124.37 (Jul 20 high), 124.44 (Jun 17 high) and 124.60 (Jun 10 high). On the downside, supports could be found at 124.00 (Jul 20 low/psychological level), 123.90 (Jul 7 low) and 123.70 (Jul 16 low).
USD/JPY failed to break above the 124.35/40 zone and retreated from highs as the dollar softened a tad over the last hours. However, the pair is holding onto gains above the 124 mark, on track to post its sixth gain out of eight trading days. At time of writing, USD/JPY is trading at 124.25, up 0.16% on the day.
USD/JPY key levels
In terms of technical levels, on the upside next resistances are seen at 124.37 (Jul 20 high), 124.44 (Jun 17 high) and 124.60 (Jun 10 high). On the downside, supports could be found at 124.00 (Jul 20 low/psychological level), 123.90 (Jul 7 low) and 123.70 (Jul 16 low).