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12 Jul 2013
USD/JPY closes out week at 99.35 resistance
FXstreet.com (New York) - The USD/JPY technical pair has been statically fixated above the 99.00 level Friday, closing out the week above this region after a volatile past few days.
The USD/JPY has now settled at the 99.37 level, notching an advance of +0.41% Friday in the waning minutes of US trading. The Danske Research team identifies resistive means at 99.35, then 99.63, and finally 99.92.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY moved a bit to the upside, as we are worried about trading above Linear Regression Indicator 34. However, Linear Regression Indicators extended negativity encouraging us to hold on to our negative expectations unless the pair breached 99.70 levels and stabilized above it.”
The USD/JPY has now settled at the 99.37 level, notching an advance of +0.41% Friday in the waning minutes of US trading. The Danske Research team identifies resistive means at 99.35, then 99.63, and finally 99.92.
USD/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The USD/JPY moved a bit to the upside, as we are worried about trading above Linear Regression Indicator 34. However, Linear Regression Indicators extended negativity encouraging us to hold on to our negative expectations unless the pair breached 99.70 levels and stabilized above it.”