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Forex pairs in this Article » USD/JPY (San Francisco) - After bouncing at 98.50 and attempting to recover early losses, the USD/JPY has been rejected by the 99.00 again. Currently the USD/JPY is trading at 98.80, flat on the day.

The short term perspective remains slightly bearish according to the trend index in the 1-hour chart. Indicators such as CCI and momentum are pointing to the south while the Stochastic and the MACD are neutral.

USD/JPY technical levels

If USD/JPY manages to regain the 99.00/05 area (psychological level/100-day SMA) next resistances could be found at 99.35 (Sep 23 high) and 99.65 (Sep 20 high). On the other hand, a decisive break below 98.50 could send the pair to 98.27 (Sep 2 low) en route towards 98.00 (psychological level).
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