FxWirePro: USD/JPY breaks key support at 101.39, intraday bias remains bearish
USD/JPY is currently trading around 101.19 marks. It made intraday high at 101.76 and low at 101.05 levels. Intraday bias remains bearish till the time pair holds key resistance at 102.80 marks. A daily close above 103.3…
It made intraday high at 101.76 and low at 101.05 levels.
Intraday bias remains bearish till the time pair holds key resistance at 102.80 marks.
A daily close above 103.39 will take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
On the other side, a sustained break below 101.39 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.
No major economic data is scheduled from Japan but on the other side, US will release ISM non manufacturing PMI as well as FOMC meeting minutes later today.
