Forex: USD/JPY in a range 98.30 and 98.15
Fri, Jun 12 2009, 19:09 GMT
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FXstreet.com (Córdoba) – USD/JPY has been stable during the American session, moving inside a lateral channel. The range has a support at 98.15 and resistance at 98.30. So far today the pair is up 0.55% for the day.
USD/JPY moved all week inside a bigger range between 97.02 and 98.90.
In case of further dipping below 98.10/00, next support levels are located at 97.45 intra-day low, and 97.25 (Jun 9 and Jun 11 low). On the upside, immediate resistance level lies at 98.40 (Jun 11 high), and above there, 98.60 (Jun 9 high) and 98.85/90 (Jun 8 and 5 highs).

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