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11 Mar 2013
Forex: USD/JPY breaks above range
After trading in a narrow range between 96.00 and 96.20, the USD/JPY has broken above this levels to trade at fresh daily highs at 96.35. Currently the USD/JPY is pricing at 96.27, 0.30% above opening price.
With a slightly bullish trend index according to the FXstreet.com Forex Studies, the CCI and Momentum indicators are bullish while MACD, RSI and Stockastic are neutral in the 1-hour chart. In the upside, first resistance will be at 96.55, March 8th high, before launching an attack to the 97.00/97.50 zone.
On the Downside, supports come at 96.20, 96.00 and 95.10.
With a slightly bullish trend index according to the FXstreet.com Forex Studies, the CCI and Momentum indicators are bullish while MACD, RSI and Stockastic are neutral in the 1-hour chart. In the upside, first resistance will be at 96.55, March 8th high, before launching an attack to the 97.00/97.50 zone.
On the Downside, supports come at 96.20, 96.00 and 95.10.