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Forex pairs in this Article » USD/JPY (Guatemala) - USD/JPY has denied offers until 102.35 when the pair tested the downside.

This week has been about ME’s and the Yen has been a major benefactor as a safe haven. USD/JPY has taken out support levels , perhaps a follow through on firmer CPI overnight in Japan but has attracted demand on the downside through the102 handle. Further attempts maybe bad news for the bulls, that a break and a close or two below 102 as a psychological level might end the bullish case for the unit in the near term.

USD/JPY Levels

The 20 DMA is 103.85, the 50 DMA is 103.46 and the 200 DMA is 100.00. RSI (14) reads 47.45. Supports are ascending from 100.96, 101.62, 101.77 and 102.03. Spot is 102.23 while resistances are 103.08, 103.58, 103.70 and 103.87.
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