Forex: USD/JPY: Dollar fails to break 98.55 resistance
FXstreet.com (Barcelona) - The Dollar has been trading up and down with two failed attempts to break above 98.55 resistance level and one bounce on 98.00 support in between. At the moment, the Dollar trades around 98.35 after rejection at 98.55 level.
Initial resistance lies at the mentioned 98.55 level (Jun 12 high), and above here, 98.85/90 (Jun 5, 8 highs), and 99.20. On the downside, first support level lies at 98.00/10 and once below there, 97.50/65 and 97.25 (Jun 11 low).
EUR/JPY has lost almost 100 pips on Asian session, as the pair trades around 136.70 , after having opened at 1.36.60. Initial support level lies at 136.60, and below there, 135.70. On the upside, resistance levels are 137.45/55 and 138.35.
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