14 Apr 2014
USD/JPY fails to hold above 102.00
FXStreet (Córdoba) - The USD/JPY enjoyed some propulsion during the New York session as the dollar was lifted by better-than-expected US retail sales data. However, momentum faded and the pair was confined to a phase of consolidation.
The USD/JPY briefly rose above 102.00 and posted a high of 102.02 following the release of solid US data, but entered a sideways phase soon after in a quiet Monday session. At time of writing, the USD/JPY trades at 101.75, still up 0.14% on the day.
USD/JPY technical levels
In terms of technical levels, f the USD/JPY breaks decisively above 102.00, next resistances are seen at 102.15 (Apr 9 high) and 102.43 (21-day SMA). On the other hand, supports are seen at 101.65 (21-hour SMA), 101.41 (Apr 14 low) and 101.32 (Apr 11 low).
The USD/JPY briefly rose above 102.00 and posted a high of 102.02 following the release of solid US data, but entered a sideways phase soon after in a quiet Monday session. At time of writing, the USD/JPY trades at 101.75, still up 0.14% on the day.
USD/JPY technical levels
In terms of technical levels, f the USD/JPY breaks decisively above 102.00, next resistances are seen at 102.15 (Apr 9 high) and 102.43 (21-day SMA). On the other hand, supports are seen at 101.65 (21-hour SMA), 101.41 (Apr 14 low) and 101.32 (Apr 11 low).