USD/JPY advances on positive mood among stocks traders - FXStreet

By FXstreet.com | Updated August 18, 2014 AAA

FXStreet (Łódź) - In the opinion of FXStreet Chief Analyst Valeria Bednarik the USD/JPY strength was boosted somewhat today by a positive mood among stocks traders.

Key quotes



"Nevertheless, the pair holds below the 102.80 critical price zone, where the pair not only stalled several times over the past few months, but also presents a daily descendant trend line coming from this year high."



"The hourly chart shows price advancing above its moving averages and indicators in positive territory, albeit lacking strength at the time being."



"In the 4 hours chart moving averages maintain a strong upward tone, with 100 SMA offering intraday support around 102.35, while indicators remain neutral."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    What’s Next: USD falls after data, focus on NFP

  2. Forex News

    April Forex Seasonality Foresees Weakest Month of Year for USD

  3. Forex News

    USD/JPY on track to climb towards 125 by year-end – Scotiabank

  4. Forex News

    USD/JPY drops to 50-DMA on weak US ISM manufacturing PMI

  5. Forex News

    Remain short USD/JPY, target 117.50 – GrowthAces

Trading Center