FX: USD/JPY: Dollar slides to 96.20 after U.S. data
FXstreet.com (Barcelona) - The Dollar has been hit by U.S. GDP and Jobless claims data, and the pair has given away most of the gains posted during Asian and European session, dropping from 96.40 to levels right above 96.00.
Initial support level lies at 96.05 (Jun 24 high) and below here, 95.65 and 95.10. On the upside, resistance levels lie at 96.30 (Jun 22 high) and above here, 96.55 intr-day high and 97.05 (Jun 10 low).
In the daily chart, Anna Couling, technical analyst at Master the markets sees the pair mildly bearish: "The current mood is very mildly bearish as all three moving averages are turning lower once again but, of course, a few up days could reverse this position once again. Definitely not a currency pair to trade."
