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FxWirePro: USD/JPY fails to sustain above key resistance 109.32, intraday bias remains neutral

Wednesday, May 11, 2016 12:56 AM UTC

USD/JPY is currently trading around 109.10 marks.
It made intraday high at 109.36 and low at 109.04 levels.
Intraday bias remains neutral for the moment.
A daily close above 109.32 will drag the parity up towards 111.23, 112.60 and 113.42 levels respectively.
Alternatively, reversal from key resistance will drag the parity down towards key supports at 108.27, 106.15, 105.71, 105.45 and 104.55 levels respectively.
Japan will release leading indicator data at 0500 GMT. Market anticipates reading around 96.4 vs 96.8 previous release.

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FxWirePro: USD/JPY fails to sustain above key resistance 109.32, intraday bias remains neutral

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