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27 Mar 2014
USD/JPY rejects the 102.45 and falls to 102.10
FXStreet (San Francisco) - Earlier reports on buy stops around 102.45 put the USD/JPY under pressure as the pair came to this level while attempting to put further intra-day highs; however it was rejected here and now it is trading close to 102.10.
The USD/JPY traded higher following the better than expected US jobless claims and personal consumption data. US GDP was revised up to 2.6% from 2.4% estimated previously; however it was below 2.7% expected.
The USD/JPY is currently trading at 102.15, 0.11% positive on the day. The short term perspective remains strongly bullish according to the FXStreet's trend index. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
USD/JPY levels
The USD/JPY would face supports at 102.05, 200-hour MA, and then 101.85 and 101.75. On the upside, resistances are at 102.45, 102.50 and 102.65.
The USD/JPY traded higher following the better than expected US jobless claims and personal consumption data. US GDP was revised up to 2.6% from 2.4% estimated previously; however it was below 2.7% expected.
The USD/JPY is currently trading at 102.15, 0.11% positive on the day. The short term perspective remains strongly bullish according to the FXStreet's trend index. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
USD/JPY levels
The USD/JPY would face supports at 102.05, 200-hour MA, and then 101.85 and 101.75. On the upside, resistances are at 102.45, 102.50 and 102.65.