Wednesday, September 2, 2009

USD/JPY: Dollar testing levels above 93.00 (Barcelona) - The Dollar declined from Tuesday's high at 93.45 during early U.S. session to intra-week low at 92.50 during Asian session, and the pairs gathering strength moments ahead of the European opening to test levels above 93.00 Asian session high.

The Dollar moves at the moment at levels between 92.95/93.00, where the 20 and 50 hour SMA lie, and above here, te pair could find resistance at 9.40 /45 (Sept 1 high) and 93.70/85. On the downside, support levels are 92.50/55 intra-week low, and below here, 92.35 and 92.00.

EUR/JPY rose on Tuesday from 132.15 to reach intra-week high at 134.14 on early European session and drop afterwards to hit a fresh 6-week low at 131.45. During Asian session, the Euro has picked up, reaching levels above 132.00 to test 132.00 at the time of writing. Resistance levels are 132.90/95 and 134.15. On the downside, support levels are 131.45 and 130.85.

EUR/JPY (Sep 02 at 07:29 GMT)

132.10/13 (-0.02%)

H 132.51 L 131.42

[?]Trend Index[?]OB/OS Index
Slightly BullishNeutral
Data updated on Sep 02 at 07:20 (15-minute timeframe)

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