FXstreet.com (Barcelona) - The Dollar looks committed to visit higher levels on early European session, USD/JPY has broken through 99.00 level and advances the path towards yesterday's high at 99.50.
On the upside, resistance levels stand at 99.50 and above here Mar 5 high at 99.70; once past this level psychological level at 100.00. Support levels, below 98.85 lie at 98.20 (Apr 1 low) and 97.80. Once past that level, 97.25 (Mar 31 low).
According to Tim Salem, collaborator at FXstreet.com 99.20 level might add upside strength for the USD: Volatility is easing, with the 20SMA Slope favoring a potential Downside Break, with RSI Slope confirming this View. This Action would take Price to 98.26 Static Support and will only be negated by an Upside Break in Sentiment to 99.20 Resistance. In the Mid-Term, a 20/200SMA Cross will bring 97.50 back into View at the bottom side of the Range, while Continuation of current Price Sentiment brings 99.50's back into View on the Topside.