3 Jan 2014
USD/JPY claiming territory on 104 handle
FXstreet.com (London) - USD/JPY has clawed back some air space from the lows of 104.07 to reach 104.60 post the landslide overnight in Asia.
Emmanuel Ng noted the recent activity in the pair , “USD/JPY currently trades as TKY remains closed into the weekend while the USD/JPY dipped back below 105.00 as the dollar flexed against its peers on Thursday”. He explained that near term support was expected towards 104.65, which was indeed broken but now acts as next target from the lows.
USD/JPY Levels
The 20 DMA is 103.97, the 50 DMA is 101.63 and the 200 DMA is 99.40. RSI (14) reads 62.83. Supports are 103.12, 103.63, 103.74, 103.98, 104.32, 104.55, 104.87, 105.04 and 105.50.
Emmanuel Ng noted the recent activity in the pair , “USD/JPY currently trades as TKY remains closed into the weekend while the USD/JPY dipped back below 105.00 as the dollar flexed against its peers on Thursday”. He explained that near term support was expected towards 104.65, which was indeed broken but now acts as next target from the lows.
USD/JPY Levels
The 20 DMA is 103.97, the 50 DMA is 101.63 and the 200 DMA is 99.40. RSI (14) reads 62.83. Supports are 103.12, 103.63, 103.74, 103.98, 104.32, 104.55, 104.87, 105.04 and 105.50.