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Forex pairs in this Article » USD/JPY (San Francisco) - The USDJPY bounced at 1-week low at 81.65 and after attempting to recover the 82.00 level, the Dollar found a hard resistance at 81.90. Currently the pair remains close to this area trading sideways and posting 0.30% decline so far today.

The hourly chart shows price now below both, 100 and 200 SMA's, "this last offering dynamic resistance around 82.05, while indicators hold in negative territory," comments Valeria Bednarik. "The immediate and key support, comes at 81.50, 61.8% retracement of this year fall. Would be expecting some buying interest to reappear around that area, limiting more slides."

"If however, the level is ulcerated," adds Bednarik, "the slide can extend towards next strong support, at 80.80."
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