Forex | Forex | Forex: USD/JPY: Dollar pulls down from 95.85 high after GDP data (31/07/2009 13:09:00)

Forex: USD/JPY: Dollar pulls down from 95.85 high after GDP data

FXstreet.com (Barcelona) - The Yen is being favoured after U.S. GDP, and the Dollar rally from 94.00 has capped at 95.85 high moments before GDP data was released, to decline to 95.30 support, which is being tested at the moment.

In case of further decline, below 95.20/30, next support level lies at 94.85 (Jul 3 low) and 94.40 (upward trending support line from Jul 13 low). On the upside, resistance level lies at 95.90 Asian session high, and above there, 96.25 (Jul 6 high), and 96.80.

GBP/JPY has given away all gains achieved during the day as the Pound fell from 158.58 day high to test intra-day low at 157.25. Support levels lie at 156.65 and 155.21. Resistance levels are 158.20 and 158.60.
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