Top
New York  London  GMT  Tokyo  Sydney 
Browse > Home / All, Americas, Mkt Talk, Regions / USD/JPY eyeing 92.95; stops above 93.00; offers toward 93.50

USD/JPY eyeing 92.95; stops above 93.00; offers toward 93.50

By Jamie Coleman  || July 13, 2009 at 19:45 GMT
|| 0 comments || Add comment

USD/JPY is being dragged higher this afternoon by very robust US stock prices as the S&P breaks clear of the area of support around the 875/880 area. Since the Asian session, USD/JPY has been unable to overcome resistance in the 92.90s but with three-downside probes of the 91.70 failing to break down, odds of a short-covering rally look to be building. If USD/JPY breaks above 93.00, don’t be shy about booking profits in the 93.50/60 area where more substantial resistance lies. We trade now at 92.89.

Share and Enjoy:
  • Print this article!
  • E-mail this story to a friend!
  • Yahoo! Buzz
  • Google
  • Live
  • Digg
  • del.icio.us
  • TwitThis
  • Facebook
  • Mixx
  • Spurl
  • StumbleUpon
  • LinkedIn
  • NewsVine
Category: All, Americas, Mkt Talk, Regions
Tags:

Add a comment



The content of this field will not be shown publicly.




Bottom