FXstreet.com (Barcelona) - USD/JPY has continued to range between 79.54 and 79.76 throughout a quiet European session and is currently trading at 79.57.
With only UK data baring any significance this morning on the economic calendar, the pair has continued to lack direction and momentum throughout what is a quiet European session. Forex Ticket analysts are neutral on the pair and see spot ranging between 79.50 and 79.75 with extended levels of support and resistance to be found at 79.20 and 80.00. ICN.com analysts however remain bullish on the pair and believe that with spot remaining stable on a daily chart above a collection of MA’s, this indicates the possibility of further upside.
Elsewhere, European stocks remain under pressure alongside commodities while critical Spanish and Italian yields remain higher but stable.
With only UK data baring any significance this morning on the economic calendar, the pair has continued to lack direction and momentum throughout what is a quiet European session. Forex Ticket analysts are neutral on the pair and see spot ranging between 79.50 and 79.75 with extended levels of support and resistance to be found at 79.20 and 80.00. ICN.com analysts however remain bullish on the pair and believe that with spot remaining stable on a daily chart above a collection of MA’s, this indicates the possibility of further upside.
Elsewhere, European stocks remain under pressure alongside commodities while critical Spanish and Italian yields remain higher but stable.
