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27 May 2014
USD/JPY is glued to its opening level
FXStreet (Moscow) - USD/JPY stopped within a couple of pips from the resistance of 102.00 and started the retreat; the local support of 101.80 is in sight
USD/JPY needs some food for thoughts
The consolidation around 102.00 area is still there, and absence of any economic reports from the US yesterday made the attractive environment for the pause, but not for the breakouts. Durable goods orders, and Consumer confidence from the USA tonight may add some volatility to the pair. Another evidence of weaker than expected recover of American economy may put the USD under pressure. The slide down may bring the pair back to 101.80 support level, while positive readings may help with a breakout.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.95, with support below at 101.82, 101.71 and 101.59 with resistance above at 102.06, 102.18, and 102.29. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.59 and the daily 20EMA at 101.87. Hourly RSI is bullish at 55
USD/JPY needs some food for thoughts
The consolidation around 102.00 area is still there, and absence of any economic reports from the US yesterday made the attractive environment for the pause, but not for the breakouts. Durable goods orders, and Consumer confidence from the USA tonight may add some volatility to the pair. Another evidence of weaker than expected recover of American economy may put the USD under pressure. The slide down may bring the pair back to 101.80 support level, while positive readings may help with a breakout.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.95, with support below at 101.82, 101.71 and 101.59 with resistance above at 102.06, 102.18, and 102.29. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.59 and the daily 20EMA at 101.87. Hourly RSI is bullish at 55