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Forex pairs in this Article » USD/JPY (Guatemala) - USD/JPY is climbing steadily in a well formed ascending channel away from the 103 handle.

USD/JPY jumped through the resistance of 103.40’s and is testing the upper 103.50’s into bullish territory for the possible next target of 103.85 where the pair requires a close on the bid to confirm an attack on the previous down trend from the 104 handle. The calendar is very light until the gran finale which might come in the form of the Michigan Consumer Sentiment Sentiment Index and Chinas Manufacturing PMI for January. RSI (14) still offers room for a leg higher currently.

USD/JPY Levels

The 20 DMA is 104.52, the 50 DMA is 103.13 and the 200 DMA is 99.89. RSI (14) reads 59.36. Spot is 103.50. Resistances are ascending from 103.85, 103.97, 104.22, 104.31, 104.63,104.84,104.92 and 105.50.
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