Forex Trading: USDJPY continues on it upward trajectory

2013.12.13 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading well over the daily pivot point at the 103.678 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 103.914 while the low of day reached to 103.344. The pair earlier today opened the Asian trading session above the daily pivot and has trended higher over the course of the day to trade to the R1 resistance level.

SC USDJPY 2013.12.13

Daily Pivot Point: 103.053
— S1 – 102.685
— S2 – 102.010
— S3 – 101.642
— R1 – 103.728
— R2 – 104.096
— R3 – 104.771


Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point and above the weekly R1 resistance level. The USDJPY has been on an overall bullish trend this week after opening the trading week above the weekly pivot. The pair fell below the 102.50 level support earlier in the week only to find strong buying support and higher levels.

SC USDJPY 2013.12.13

Weekly Pivot Point: 102.624
— S1 – 101.879
— S2 – 100.869
— S3 – 100.124
— R1 – 103.634
— R2 – 104.379
— R3 – 105.389


By CountingPips.com – Forex Trading Apps & Currency Trade Tools

 

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