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14 Nov 2013
USD/JPY trendless below 100.00 front
FXstreet.com (Chicago) - USD/JPY retraced from 100.16 session highs advancing over 70 pips today ahead of Wall Street closing.
Data recap
With disappointing data, choppy trading came to life. Initial jobless claims were 339K vs. expected 330K. The trade balance was worse than expected at $-41.78 vs. estimates at $-39B. In Japan, industrial production was 5.1% vs. past -0.4%. So far, the pair accumulates 0.71% daily gains for a total 0.89% weekly advancement.
USD/JPY Technical Levels
Price action reveals choppy trading in a session that tends do point downward. Offered at 99.91, the pair oscillates between the supports aligned at 99.71 (November 12th highs), 99.36 (November 7th highs) ahead of 99 (November 9th lows) and the resistances set at 100.25 (August 27th highs), 100.67 (September 7th highs) followed by 101.56 (July 8th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe navigating above the EMA20.
Data recap
With disappointing data, choppy trading came to life. Initial jobless claims were 339K vs. expected 330K. The trade balance was worse than expected at $-41.78 vs. estimates at $-39B. In Japan, industrial production was 5.1% vs. past -0.4%. So far, the pair accumulates 0.71% daily gains for a total 0.89% weekly advancement.
USD/JPY Technical Levels
Price action reveals choppy trading in a session that tends do point downward. Offered at 99.91, the pair oscillates between the supports aligned at 99.71 (November 12th highs), 99.36 (November 7th highs) ahead of 99 (November 9th lows) and the resistances set at 100.25 (August 27th highs), 100.67 (September 7th highs) followed by 101.56 (July 8th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe navigating above the EMA20.