FxWirePro: USD/JPY fails to jump above 105.00 mark, bias remains bearish
Wednesday, July 13, 2016 2:57 AM UTC
- USD/JPY is currently trading around 104.10 marks.
- It made intraday high at 104.87 and low at 103.94 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 104.98 marks.
- A daily close above 104.98 will take the parity higher towards key resistances around 106.12 and 107.46 levels respectively.
- On the other side, a sustained break below 102.45 will drag the parity down towards key supports at 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.