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16 Dec 2013
USD/JPY
FXstreet.com (Córdoba) - The recovery of the USD/JPY was capped by the 103.15 area during the European trade, confining the pair to a phase of consolidation.
Amid profit-taking, the USD/JPY extended its pullback from a 5-year high of 103.92 to below 103.00 during the Asian session and hit a 4-day low of 102.64, from where it rebounded. However, the subsequent bounce was halted by the 103.15 zone and left the pair struggling with the 103.00 mark, where it is 0.3% below its opening price.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could face immediate resistances at 103.15 (intraday level), 103.30 (daily high) and 103.92 (2013 high Dec 13). On the flip side, supports are seen at 102.63 (daily low), 102.38 (Dec 12 low) and 102.18 (Dec 11 low).
Amid profit-taking, the USD/JPY extended its pullback from a 5-year high of 103.92 to below 103.00 during the Asian session and hit a 4-day low of 102.64, from where it rebounded. However, the subsequent bounce was halted by the 103.15 zone and left the pair struggling with the 103.00 mark, where it is 0.3% below its opening price.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could face immediate resistances at 103.15 (intraday level), 103.30 (daily high) and 103.92 (2013 high Dec 13). On the flip side, supports are seen at 102.63 (daily low), 102.38 (Dec 12 low) and 102.18 (Dec 11 low).