FXstreet.com (Barcelona) - The Dollar continues appreciating against the Yen and The Pair has broken above 99.15 previous two-weeks high reaching 99.30; 0.75% above its day opening level.
Tim Salem, collaborator at FXstreet.com points out to 99.20 as a key level on the upside: If Breached, Appreciation sees 99.21 Dynamic Resistance followed by 99.68 and 100.04 in the Near-Term. Failure to hold the Double-Top will define the Formation, as Price Depreciates to the Dynamic Static Support Area of 97.72. 97.50 Confluence supports the Hourly 200SMA and Violation here sees Bearish Momentum under Resumption with 96.91 Static Support Contact.
EUR/JPY rally from 124.30 low on April 28 has reached 1.32.00 so far although the pair remains beloeww the mentioned level. Above 132.00, next resistance levels come at 132.44 and 132.65/85. Support levels lie at 131.50 and 129.75.
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