3 Dec 2013
USD/JPY unable to hold above 103
FXstreet.com (Barcelona) - Having climbed overnight to post a high at 103.38, USD/JPY has declined below the key level in early European trading and is presently at 103.05, up 0.11% on the days trading.
Yen weakened by BoJ Headlines
Overnight USD/JPY climbed on an overnight headline from Reuters which noted that the BoJ has started to work on contingency further stimulus plans. Elsewhere, the RBA held rates at 2.5%, and Chinese Non -Manufacturing PMI declined to 56 from 56.3 previous
What are today’s key USD/JPY levels?
Todays pivot point can be found at 102.77 with support below at 102.4040 (S1), 101.8520 (S2) and 101.4840 (S3) and resistance above at 103.3240 (R1), 103.6920 (R2) and 104.2440 (R3). Special attention should be paid to the price range between 103.08-102.74 where several technical levels are confluent today.
Yen weakened by BoJ Headlines
Overnight USD/JPY climbed on an overnight headline from Reuters which noted that the BoJ has started to work on contingency further stimulus plans. Elsewhere, the RBA held rates at 2.5%, and Chinese Non -Manufacturing PMI declined to 56 from 56.3 previous
What are today’s key USD/JPY levels?
Todays pivot point can be found at 102.77 with support below at 102.4040 (S1), 101.8520 (S2) and 101.4840 (S3) and resistance above at 103.3240 (R1), 103.6920 (R2) and 104.2440 (R3). Special attention should be paid to the price range between 103.08-102.74 where several technical levels are confluent today.