FXstreet.com (Barcelona) - The Dollar has rallied further in the US session fuelled by better than expected Durable Goods Orders, The ActionForex.com Technical team affirms: USD/JPY's rally from 102.73 extends further to as high as 105.31 today. Break of the inner falling trend line suggests that consolidation from 105.70 has possibly completed.
Intraday bias, according to the ActionForex Team remains on the upside: At this point, intraday bias remains on the upside as long as 103.88 minor support holds. Break of 150.44/70 resistance zone will indicate rise from 95.77 has resumed and encourage further rise towards 108.59 resistance. However, note that bearish divergence condition remains in 4 hours MACD and RSI.