FxWirePro: USD/JPY remains well supported above 107.00 mark, faces strong resistance at 107.82
USD/JPY is currently trading around 107.71 marks. It made intraday high at 107.82 and low at 107.22 levels. Intraday bias remains neutral till the time pair holds key resistance at 107.82 marks. A daily close above 107.9…
It made intraday high at 107.82 and low at 107.22 levels.
Intraday bias remains neutral till the time pair holds key resistance at 107.82 marks.
A daily close above 107.94 is required to take the parity higher towards key resistances around 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
On the other side, a sustained break below 106.35 will drag the parity down towards key supports at 105.71, 105.45 and 104.55 levels respectively.
Today Japan will release leading indicator data at 0500 GMT.
