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. Forex News

    A Fundamental Push for Key EURUSD, GBPUSD and USDJPY Levels?

  2. Forex News

    EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

  3. Forex News

    USDJPY Stands at 2015 High With Fed and BoJ Policy in the Forefront

  4. Forex News

    USD/JPY: A bullish scenario on 121 handle - UOB

  5. Forex News

    USD/JPY bulls looking for a break away

Trading Center