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Forex: USD/JPY: 84.00 mark rejected again

By FXstreet.com,  December 20, 2010, 07:22:00 PM EDT

FXstreet.com (Barcelona) - Current price: 83.76. Heading lower after failed again to break above 84.40, pair holds inside its latest range, lacking a clear direction.

According to Valeria Bednarik, Chief Analyst at FXstreet.com: "Trading in between 83.50/84.40, hourly chart has lost earlier bearish tone once 83.50 support was tested, and indicators are slightly higher ahead of Nikkei opening. Still lack of clear strength should keep the pair limited below strong 84.40 price zone".

Support levels: 83.50 83.20 82.90, Resistance levels: 84.10 84.40 85.00




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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