FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that USD/JPY advanced some on stocks relief, but so far remains unable to overcome its 200 SMA in the hourly chart, flat at current levels.

Key quotes



"Indicators in the same time frame maintain a bullish tone, enough to keep the downside limited, while the 4 hours chart shows however, indicators losing upward slope well into negative territory."



"Chances of further upward movements seem limited with sellers aligned in the 101.90/102.00 price zone, while renewed selling interest below 101.60 should favor a dip towards 101.20/30 price zone."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Investing

    USD/JPY: August 2015 Forecast

  2. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  3. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  4. Forex News

    Japanese Yen: Up or Down? Next Week Holds the Keys

  5. Forex News

    USD/JPY rebounds back toward 124.00, unchanged for the week

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!