USD/JPY Weekly Technical Report 22-26/4/2013
ecPulse
2013-04-22 07:20AM UTC
The pair opened positively this week, as we see it stable on levels close to significant resistance levels extending around 99.85. In general, the pair is in the ascending channel shown on graph and Linear Regression Indicators are positive supporting extending positivity. As for this week, trading above 98.80 levels keep the pair’s positivity keeping in mind the importance of breaching 99.85 and stabilizing above it to support this technical outlook.
The trading range for this week is among key support at 97.60 and key resistance at 101.60.
The general trend over short term basis is to the upside as far as areas of 84.00 remain intact targeting 100.00.
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