Back
11 Dec 2014
USD/JPY extends rally, back above 119.00
FXStreet (Córdoba) - USD/JPY gained momentum after the release of US economic data that surpassed expectations and climbed back above 119.00 following the beginning of the US session.
The pair printed a fresh daily high at 119.26 and remains above 119.10, rising 1% for the day. During the Asian session bottomed at 117.43 and since then has risen almost 200 pips, making an important reversal.
USD/JPY technical levels
To the upside, resistance levels might lie at 119.25 (daily high) and above here at 119.45 and 119.90 (Dec 10 high). On the opposite direction support could be located at 118.90 and 118.20.
The pair printed a fresh daily high at 119.26 and remains above 119.10, rising 1% for the day. During the Asian session bottomed at 117.43 and since then has risen almost 200 pips, making an important reversal.
USD/JPY technical levels
To the upside, resistance levels might lie at 119.25 (daily high) and above here at 119.45 and 119.90 (Dec 10 high). On the opposite direction support could be located at 118.90 and 118.20.