Monday 29 June 2009

Yen remains under selling pressure

Mon, Jun 29 2009, 04:28 GMT (Buenos Aires) – USD/JPY Current Price 95.22. Pair remains under selling pressure thus 95.00 zone probes strong and continues holding the downside.

“Indicators are slightly bullish both in 1 and 4 hours charts, thus the upside seems limited for the next hours, as 20 SMA remains above actual price and quite bearish,” said Valeria Bednarik, collaborator at

Support levels: 95.26 94.80 94.45. Resistance levels: 95.50 96.00 96.30

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