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17 Mar 2014
USD/JPY holds near Friday’s low
FXStreet (Córdoba) - The USD/JPY started the week trading at the same price level it close in Friday, around 101.35, afterwards printed a daily high at 101.43 and then pulled back toward 101.30.
On Friday the US dollar fell for the fourth consecutive day, accumulating a decline of 200 pips. The USD/JPY erased March gains, and pulled back to the price it had at the beginning of the month.
USD/JPY levels to watch
Price action remains steady hovering above last week lows that lie at 101.20. Below here immediate support could be located 101.05 and 100.70/75 (February 3, 4 and 5 low). To the upside resistance levels might lie at 101.55 and above here at 101.85/90 and 102.40.
On Friday the US dollar fell for the fourth consecutive day, accumulating a decline of 200 pips. The USD/JPY erased March gains, and pulled back to the price it had at the beginning of the month.
USD/JPY levels to watch
Price action remains steady hovering above last week lows that lie at 101.20. Below here immediate support could be located 101.05 and 100.70/75 (February 3, 4 and 5 low). To the upside resistance levels might lie at 101.55 and above here at 101.85/90 and 102.40.