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26 Feb 2015
USD/JPY attempted the 119 handle
FXStreet (Guatemala) - USD/JPY is currently trading at 118.99 with a high of 119.10 and low of 111.80.
The Asian market has picked up a little with the release of the Capex in Australia and post the Tokyo fix. USD/JPY is trading on the 119 handle after some time now into the Tokyo open and made fresh highs here since last lights open in European trade and the US afternoon the previous day.
Meanwhile, USD/JPY is in neutral on the medium scale term and moving in familiar ranges ahead of the 4 month support line, which halted at 119.84. If the pair can cross this it could alleviate the downward pressures that are containing the bulls from the 120 psychological handle. To the downside, failure below 118 handle brings in the 116.20 support line and 115.50 mid Dec lows.
The Asian market has picked up a little with the release of the Capex in Australia and post the Tokyo fix. USD/JPY is trading on the 119 handle after some time now into the Tokyo open and made fresh highs here since last lights open in European trade and the US afternoon the previous day.
Meanwhile, USD/JPY is in neutral on the medium scale term and moving in familiar ranges ahead of the 4 month support line, which halted at 119.84. If the pair can cross this it could alleviate the downward pressures that are containing the bulls from the 120 psychological handle. To the downside, failure below 118 handle brings in the 116.20 support line and 115.50 mid Dec lows.