26 May 2014
USD/JPY bulls cherish the idea to get above 102.00
FXStreet (Moscow) - USD/JPY strives to return to the key resistance of 102.00 as Iwata hints on more easing
USD/JPY rise may be stopped
The pair has rejected the strong resistance at 102.00, while the clear breakout of the level is needed to confirm the change of moods in the market. Although Monday promises to be spent in peace and quiet given the lack of economic data and Memorial Day in the USA, the market sentiment may break the silence if the Ukrainian elections results trigger any new wave of tension in the south-east of the country. BOJ Kuroda comments on the economy was rather optimistic, which supported JPY across the board. Risk aversion may again return the interest to the Yen as a safe heaven, thus, supporting the sell-off with the pair with the next target at 101.80/60.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.86, with support below at 101.70, 101.43 and 101.27 with resistance above at 102.13, 102.29, and 102.56. Hourly Moving Averages are bullish, with the 200SMA at 101.62 and the daily 20EMA at 101.86. Hourly RSI is bullish at 62
USD/JPY rise may be stopped
The pair has rejected the strong resistance at 102.00, while the clear breakout of the level is needed to confirm the change of moods in the market. Although Monday promises to be spent in peace and quiet given the lack of economic data and Memorial Day in the USA, the market sentiment may break the silence if the Ukrainian elections results trigger any new wave of tension in the south-east of the country. BOJ Kuroda comments on the economy was rather optimistic, which supported JPY across the board. Risk aversion may again return the interest to the Yen as a safe heaven, thus, supporting the sell-off with the pair with the next target at 101.80/60.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.86, with support below at 101.70, 101.43 and 101.27 with resistance above at 102.13, 102.29, and 102.56. Hourly Moving Averages are bullish, with the 200SMA at 101.62 and the daily 20EMA at 101.86. Hourly RSI is bullish at 62