Wednesday, March 10, 2010

USD/JPY recovery extends to 90.50 level



USD/JPY recovery extends to 90.50 level

Dollar rebound at 89.60 session low on Tuesday has extended higher on Wednesday, and the pair has reached resistance area at 90.50, which is being tested at the moment, taking back all ground lost previously.

Above 90.50 (intra-day resistance), next resistance level lies at 90.70 (Mar 8 high) and 90.95. On the downside, support levels lie at 89.85 (Asian session low), and below here, 89.65 (mar 9 low) and 89.45/50.

USD/JPY (Mar 10 at 15:17 GMT)

90.76/79 (0.90%)

H 90.82 L 89.8

S3S2S1R1R2R3
90.152090.378590.605090.705090.931891.1585
[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Mar 10 at 15:08 (15-minute timeframe)

[ View USD/JPY Technical Studies ]This Article Taken by FxStreet.com.

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