USD/JPY: daily update
USD/JPY left the rising channel from July minimums and now is swinging sideways with most of the trading taking place between 100.00 and 99.35. The pair is now once again in the 100 yen area after it tested 100.18.
We remain aware of the resistance in the 100.50/60 area and plan to go short from here if the prices overcome the psychological barrier of 100 yen.
Resistance: 100.00, 100.18, 100.50/60.
Support: 99.90/87, 99.70, 99.35, 99.14/00.
Chart. H4 USD/JPY