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14 Nov 2013
USD/JPY reaches fresh highs
FXstreet.com (Córdoba) - The USD/JPY pulled back a few pips only to bounce strongly toward fresh highs after the latest string of disappointing US data.
While US jobless claims came in at 339K above expectations, trade deficit widened to 41.78 billion in October. The USD/JPY moved a tad lower but found support at the 10-hour SMA at 99.80 and rose to its highest in 2 months at 100.08 so far.
USD/JPY technical levels
In terms of technical levels, if the USD/JPY manages to break above 100.08, next resistances are seen at 100.60 (Sep 9 high) and 100.86 (Jul 19 high). On the downside, supports could be faced at 99.10 (daily low) and 98.90 (Nov 11 low).
While US jobless claims came in at 339K above expectations, trade deficit widened to 41.78 billion in October. The USD/JPY moved a tad lower but found support at the 10-hour SMA at 99.80 and rose to its highest in 2 months at 100.08 so far.
USD/JPY technical levels
In terms of technical levels, if the USD/JPY manages to break above 100.08, next resistances are seen at 100.60 (Sep 9 high) and 100.86 (Jul 19 high). On the downside, supports could be faced at 99.10 (daily low) and 98.90 (Nov 11 low).