USD/JPY is currently trading around 102.34 marks. It made intraday high at 102.47 and low at 101.50 levels. Intraday bias remains bullish till the time pair holds key support at 101.48 marks. A sustained close below 101.…
It made intraday high at 102.47 and low at 101.50 levels.
Intraday bias remains bullish till the time pair holds key support at 101.48 marks.
A sustained close below 101.50 will drag the parity down towards key supports at 100.98, 99.27 and 98.82 levels respectively.
Alternatively, a daily close above 103.45 is required to take the parity higher towards key resistances around 104.80, 106.12 and 107.46 levels respectively.
Today is relatively calm session at the start of the new week. Markets expect range bound movement for the day.
