FxWirePro: USD/JPY remains well supported above 104.00 mark, faces strong support at 103.90
USD/JPY is currently trading around 104.26 marks. It made intraday high at 104.49 and low at 103.97 levels. Intraday bias remains bearish till the time pair holds key resistance at 104.98 marks. A daily close above 104.9…
It made intraday high at 104.49 and low at 103.97 levels.
Intraday bias remains bearish till the time pair holds key resistance at 104.98 marks.
A daily close above 104.98 will take the parity higher towards key resistances around 106.12 and 107.46 levels respectively.
On the other side, a sustained break below 103.90 will drag the parity down towards key supports at 102.45, 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.
