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17 Sep 2013
USD/JPY tests its range's bottom
FXstreet.com (San Francisco) - The US Dollar is trading sideways against the Japanese Yen and after testing the top of the 99.00/99.30 range, the USD/JPY is now testing the bottom.
Currently the USD/JPY is pricing at 99.15, 0.07% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index. However, only the momentum indicator is pointing to the north while the CCI is bearish and the Stochastic and the MACD are neutral.
While the USD/USD remains in a tight range ahead of FOMC. Below the 99.00 area, next supports are at 98.65 and 98.45. On the upside, 99.30, 99.60 and 100.00 are resistances.
Currently the USD/JPY is pricing at 99.15, 0.07% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index. However, only the momentum indicator is pointing to the north while the CCI is bearish and the Stochastic and the MACD are neutral.
While the USD/USD remains in a tight range ahead of FOMC. Below the 99.00 area, next supports are at 98.65 and 98.45. On the upside, 99.30, 99.60 and 100.00 are resistances.