Forex: USD/JPY pulls back 93.75 extends to levels right above 92.00

  on

FXstreet.com (Barcelona) - Dollar recovery from 91.25 low on January 5 was capped on Friday at 93.75 high, and the pair pulled down, weighed by Dollar weakness, reaching session low at 92.15 on Monday's Asian trade.

At the moment, the pair trades at 92.30, with next support level at 92.10/20 (Jan 7/ Intra-day low), and below here 91.90 (Dec 31 low) and 91.50/60 (Jan 6 low). On the upside, resistance levels lie at 92.75/85, and above here, 93.20 (Jan 4 high) and 93.45/50 (200-day MA).

EUR/JPY recovery from Jan 6 low at 131.25 has extended in Asian session as the pair's bounce from Friday's pre-NFP low at 132.33 low extended on Monday to 134.00 resistance, which is being tested at the moment. Above 134.00/15, next resistance level lies at 134.35/55. Support levels lie at 133.00/20 and 132.40/45.

.

Join the Discussion