Tech on USD/JPY

Market news

8 February 2013

Tech on USD/JPY

Resistance 3: Y94.95 (May 4 and 5 2010 high)

Resistance 2: Y94.05 (February 6 high)

Resistance 1: Y93.23 (MA (100) for H1)

Current price: Y92.29

Support 1: Y91.96 (February 5 low)

Support 2: Y91.41 (January 30 high)

Support 3: Y90.94 (MA (100) for H1)

Comments: As can be seen, the pair declined substantially, departing from the established high yesterday. It is worth noting that the 14-day relative strength index (RSI (14) at D1), fell below 70, which indicates a possible drop in the pair.

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