FXstreet.com (Buenos Aires) – USD/JPY Current Price: 96.03. Pair fell on Wall Street drop, to reach previous resistance static zone now support around 95.70/80 that for now, is capping the downside. Also consolidating in a tight range, hourly indicators seems exhausted and point for an upside correction, that could reach the 96.30 zone, 20 SMA in the hourly as long as low remains intact.
Above there lies 96.70; if this last level is cleared, then bullish perspective will come back in play. “Under 95.70, a retest of the lows 95.00 seems likely for the next hours,” said
Support levels: 95.75 95.50 95.20. Resistance levels: 96.10 96.30 96.70.
USD/JPY (Aug 12 at 05:38 GMT)
H 96.09 L 95.31
| S3 | S2 | S1 | R1 | R2 | R3 |
| 95.0026 | 95.2413 | 95.4800 | 95.6200 | 95.8590 | 96.0981 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Aug 12 at 05:15 (15-minute timeframe) |
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