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31 Mar 2014
USD/JPY rebounds at 102.90 and climbs back above 103.20
FXStreet (Córdoba) - The USD/JPY gained momentum in the last hours, after rebounding at 102.89 rose back above 103.00 and ahead of the last trading hour of the American session stands at 103.20, consolidating a daily gain of 30 pips.
After Wall Street’s opening bell retreated from 103.43 to 102.89 where it found support and resumed the upside approaching daily highs. Before the American session the pair peaked at 103.43, hitting the highest price since March 7.
USD/JPY levels to watch
To the upside immediate resistance lies at 103.40/45 (March 31 high), 103.75 and 104.00. While to the downside, support levels might be located at 102.85/90 (American session low) and below here at 102.70 and 102.40.
After Wall Street’s opening bell retreated from 103.43 to 102.89 where it found support and resumed the upside approaching daily highs. Before the American session the pair peaked at 103.43, hitting the highest price since March 7.
USD/JPY levels to watch
To the upside immediate resistance lies at 103.40/45 (March 31 high), 103.75 and 104.00. While to the downside, support levels might be located at 102.85/90 (American session low) and below here at 102.70 and 102.40.