23 Jul 2014
USD/JPY has close ties with 101.40 area
FXStreet (Moscow) - USD/JPY opened at 101.45, reached session high at 101.53, but retreated below 101.40 area again posting 101.34 session low.
No energy to move
USD/JPY has no energy to go higher above 101.60 area. The pair was the calmest to react to recent CPI data from the USA, practically ignoring the fact the index stayed above the Fed target level second time in a row. There are no significant catalysts scheduled for today, thus the chances to see consolidation within the recent ranges are quite high. The upside may be limited by 101.76 resistance, and the downside – by 101.32.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.47, with support below at 101.32, 101.18 and 101.03 with resistance above at 101.61, 101.76, and 101.90. Hourly Moving Averages are mixed, with the 200SMA bearish at 101.46 and the daily 20EMA flat at 101.59. Hourly RSI is bearish at 46.
No energy to move
USD/JPY has no energy to go higher above 101.60 area. The pair was the calmest to react to recent CPI data from the USA, practically ignoring the fact the index stayed above the Fed target level second time in a row. There are no significant catalysts scheduled for today, thus the chances to see consolidation within the recent ranges are quite high. The upside may be limited by 101.76 resistance, and the downside – by 101.32.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.47, with support below at 101.32, 101.18 and 101.03 with resistance above at 101.61, 101.76, and 101.90. Hourly Moving Averages are mixed, with the 200SMA bearish at 101.46 and the daily 20EMA flat at 101.59. Hourly RSI is bearish at 46.