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Forex pairs in this Article » USD/JPY (London) - USD/JPY is continuing to meet supply on the way down from the highs of 99.02, through the 98.00 handle and now testing 97.80 support.

A deal was eventually reached in Washington and the reaction was less than impressive in the pair, only scoring a limited number of pips in the 99.00 handle. Traders have taken out stops on the way down and heavy supply has seen the pair loses over 120 pips so far on the session

USD/JPY Levels

The 20 DMA is 98.15, the 50 DMA is 98.38 and the 200 DMA is 97.10. RSI (14) reads 60.20. Supports are ascending from 97.00, 97.30 and 97.62. Spot is 97.83. Resistances are 98.25, 98.53, 98.62 and 99.06.
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