Filed Under:
Forex pairs in this Article » USD/JPY
FXstreet.com (San Francisco) - The USD/JPY is trading down on Tuesday as the pair has been rejected by 103.40 resistance and it has been unable to hold prices above 103.00.

The USD/JPY declined to trade at daily lows around 102.70 where the pair has bounced back to 102.90. Currently, the dollar is performing 0.43% negative against the Japanese Yen at 102.80. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart.

CCI and Momentum are pointing to the north while the Stochastic is bullish and the MACD is neutral in the 1 hour timeframe too.

Next support at 102.45 (low Dec.9) followed by 102.28 (Tenkan-Sen line) and finally 101.63 (low Dec.6). On the upside, a break above 103.23 (high Dec.9) would target 103.38 (high Dec.3) and then 103.57 (high May 23).
comments powered by Disqus