18 Jul 2014
USD/JPY woke up, and ran to 101.30
FXStreet (Moscow) - USD/JPY opened at 101.15, but was able to restore the confidence, and came back above 101.30 by the moment.
Tragedy in the air
The pair significantly reacted to the yesterday’s news about the plane crash on the territory of Ukraine. Risk aversion is again on the stage, and the consequences of the tragedy may be even larger as it may trigger new stage of conflict escalation. In this case the pair will have hard time recovering back to 102.00. The initial target to the downside may lie at 100.97 support level, and for now this area looks like very strong barrier.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.34, with support below at 100.97, 100.77 and 100.40 with resistance above at 101.55, 101.92, and 102.12. Hourly Moving Averages are mixed, with the 200SMA at 101.54 and the daily 20EMA at 101.86. Hourly RSI is bearish at 46.
Tragedy in the air
The pair significantly reacted to the yesterday’s news about the plane crash on the territory of Ukraine. Risk aversion is again on the stage, and the consequences of the tragedy may be even larger as it may trigger new stage of conflict escalation. In this case the pair will have hard time recovering back to 102.00. The initial target to the downside may lie at 100.97 support level, and for now this area looks like very strong barrier.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.34, with support below at 100.97, 100.77 and 100.40 with resistance above at 101.55, 101.92, and 102.12. Hourly Moving Averages are mixed, with the 200SMA at 101.54 and the daily 20EMA at 101.86. Hourly RSI is bearish at 46.