14 May 2014
USD/JPY is attracted to 102.00 like a magnet
FXStreet (Moscow) - USD/JPY opened at 102.28 and retraced to 102.16 early in Asia
Still above 102.00, but hesitant
USD/JPY settled above 102.00 on Tuesday, but things may change if risk sentiments continue to worsen today. The pair virtually ignored Japan's CGPI data as it came out in line with expectations. Later during the day USD/JPY movements will be influenced by USD sentiments and technical factors. The support of 102.00 is the key both for the bulls and for the bears. As long as USD/JPY is above this level, bullish bias will prevail, while clear break below will extend the downside to at least 101.70.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.23, with support below at 102.08, 101.91 and 101.76 with resistance above at 102.41, 102.56, and 102.73. Hourly Moving Averages are mixed, with the 200SMA at 101.97 and the daily 20EMA at 102.17. Hourly RSI is bearish at 46
Still above 102.00, but hesitant
USD/JPY settled above 102.00 on Tuesday, but things may change if risk sentiments continue to worsen today. The pair virtually ignored Japan's CGPI data as it came out in line with expectations. Later during the day USD/JPY movements will be influenced by USD sentiments and technical factors. The support of 102.00 is the key both for the bulls and for the bears. As long as USD/JPY is above this level, bullish bias will prevail, while clear break below will extend the downside to at least 101.70.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.23, with support below at 102.08, 101.91 and 101.76 with resistance above at 102.41, 102.56, and 102.73. Hourly Moving Averages are mixed, with the 200SMA at 101.97 and the daily 20EMA at 102.17. Hourly RSI is bearish at 46