FXstreet.com (Buenos Aires) – USD/JPY Current Price: 97.27. Break above the daily descendant channel above 96.40 accelerate the upside, and the time, pair remains strongly bullish and set for a retest of the 98.00 level.
Weekly open also favors the upside bias despite hourly charts show some downside corrective chances, as indicators reached the extremes. “Expect the 97.00 level to hold and if not, pullback to the mentioned channel roof, now around 96.30 should hold the downside,” said Valeria Bednari..
Support levels: 97.00 96.60 96.30. Resistance levels: 97.75 98.20 98.60.
USD/JPY (Aug 10 at 04:25 GMT)
H 97.73 L 97.04
| S3 | S2 | S1 | R1 | R2 | R3 |
| 96.7289 | 96.9720 | 97.2150 | 97.3150 | 97.5583 | 97.80 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Aug 10 at 04:10 (15-minute timeframe) |
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