Intraday technical analysis of USD/JPY
by Jason Sen
USDJPY has pushed through the Feb highs at 94.77 & reached 95.51. We are now back at levels not seen since mid 2009 & could push on for 95.86. We are getting over bought in the short term so we could fail to push through here but if we do manage to keep heading higher look for 96.31 next.
Support seen today at 95.09/07 & then the previous high at 94.77. If we sink any further look for good support at 94.55/94.48.
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
The comment in this blog is the personal opinion of the contributors and not Intertrader.com. The content does not constitute financial, investment or tax advice. You are advised to discuss your specific requirements with an independent financial adviser prior to entering into any bet. Intertrader.com is not responsible and disclaims any and all liability for the content of comments written by contributors to the blog, and the content of any third party sites linked from this blog.