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9 Apr 2015
USD/JPY makes new daily highs
FXStreet (Córdoba) - USD/JPY pushed higher and printed a fresh daily high as the dollar strengthened across the board over the last hours.
USD/JPY extended gains above the 120 mark and made a marginal new peak of 120.40, although it lost momentum ahead of previous weekly high scored at 120.44 on Tuesday. At time of writing, the pair is trading at 120.35, 0.19% above its opening price and having recovered from a low of 119.85 scored earlier on the day.
USD/JPY technical levels
USD/JPY has been oscillating in a wide range during the last sessions, unable to set short-term direction with the 120.45 zone capping upside attempts. A break above this latter could pave the way toward 120.60 (61.8% Fibo of 122.02-118.32) and 121.00 (psychological level). On the flip side, support levels are seen at 119.85 (daily low), 119.63 (Apr 8 low) and 119.42 (Apr 7 low).
USD/JPY extended gains above the 120 mark and made a marginal new peak of 120.40, although it lost momentum ahead of previous weekly high scored at 120.44 on Tuesday. At time of writing, the pair is trading at 120.35, 0.19% above its opening price and having recovered from a low of 119.85 scored earlier on the day.
USD/JPY technical levels
USD/JPY has been oscillating in a wide range during the last sessions, unable to set short-term direction with the 120.45 zone capping upside attempts. A break above this latter could pave the way toward 120.60 (61.8% Fibo of 122.02-118.32) and 121.00 (psychological level). On the flip side, support levels are seen at 119.85 (daily low), 119.63 (Apr 8 low) and 119.42 (Apr 7 low).