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22 Apr 2013
Forex: USD/JPY falls to test 99.00
FXstreet.com (San Francisco) - After falling around 75 pips in the last two hours from the 99.75 region, the USD/JPY has broken the 99.50 level to test the 99.00 frontier. Currently the pair is trading at 99.15, 0.69% down on the day.
The USD/JPY is trading slightly bearish in the 15-minute timeframe according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is bullish in the 15 minutes chart too.
Below the 99.00 support, next levels are at 98.65 (200 hours MA) and 97.95. Resistances are at 99.35, 99.65 and 99.90.
The USD/JPY is trading slightly bearish in the 15-minute timeframe according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is bullish in the 15 minutes chart too.
Below the 99.00 support, next levels are at 98.65 (200 hours MA) and 97.95. Resistances are at 99.35, 99.65 and 99.90.