7 Apr 2014
USD/JPY is slowly climbing up, to 103.30
FXstreet.com (Moscow) – USD/JPY is down -0.07% on the day at 103.22, having previously posted a daily high at 103.40 and a low at 102.99.
It’s only the USD and the market
It looks like US Dollar managed to revive the market interest, as the pair rebounded from 103.00 area and keeps going up, reaching 103.25 by the moment. There are two barriers in store - 103.30 and 103.50 – and the latter will be not so easy to break above as large sellers’ interest is noted. Thus, the retracement from the area back to initial support level is not ruled out. Empty US calendar will live it to the market to decide the direction. Stay tuned.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 103.54, with support below at 102.95, 102.60 and 102.00 with resistance above at 103.89, 104.49, and 104.84. Hourly Moving Averages are largely bearish, with the 200SMA at 103.05 and the daily 20EMA at 102.76. Hourly RSI is neutral at 20.
It’s only the USD and the market
It looks like US Dollar managed to revive the market interest, as the pair rebounded from 103.00 area and keeps going up, reaching 103.25 by the moment. There are two barriers in store - 103.30 and 103.50 – and the latter will be not so easy to break above as large sellers’ interest is noted. Thus, the retracement from the area back to initial support level is not ruled out. Empty US calendar will live it to the market to decide the direction. Stay tuned.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 103.54, with support below at 102.95, 102.60 and 102.00 with resistance above at 103.89, 104.49, and 104.84. Hourly Moving Averages are largely bearish, with the 200SMA at 103.05 and the daily 20EMA at 102.76. Hourly RSI is neutral at 20.