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2 Jan 2014
USD/JPY falls below 105.00 on profit taking
FXstreet.com (San Francisco) - The USD/JPY traded at highs since September 2008 at 105.45 in the European session, but the pair wasn't able to hold this levels and it was launched down to test the 105.00 area in the last minutes.
Currently, the USD/JPY is trading at 105.00 0.30% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
"Small bids are seen on order books at 105.00 and again at 104.85, we hear." comments FXstreet.com's analyst Jamie Coleman. "Small sellers now on rallies to 105.20/25."
USD/JPY levels
Below the 105.00 area, the USD/JPY would face supports at 104.90 and 104.65. On the Upside, resistances are at 105.15, 105.40 and 105.50.
Currently, the USD/JPY is trading at 105.00 0.30% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
"Small bids are seen on order books at 105.00 and again at 104.85, we hear." comments FXstreet.com's analyst Jamie Coleman. "Small sellers now on rallies to 105.20/25."
USD/JPY levels
Below the 105.00 area, the USD/JPY would face supports at 104.90 and 104.65. On the Upside, resistances are at 105.15, 105.40 and 105.50.