FXStreet (Córdoba) - The USD/JPY remains steady on Monday, moving in a range between 102.00 and 102.20. Price peaked during the Asian session at 102.18, the highest price since last Thursday and afterwards pulled back finding support at 102.00.



On American hours the USD/JPY rose to test daily highs but failed to break above 102.20. The pair is likely to remain steady for the rest of the session.



USD/JPY levels to consider

To the upside, immediate resistance could be located at 102.20 (daily high) and above here at 102.45 (August 7 high) and then 102.60/65 (August 6 high). On the opposite direction support might lie at 102.00 (daily low) and then 101.80 followed by 101.50 (August 8 low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    US Dollar Breakout Velocity Rests with Fed’s Liftoff Outlook after NFPs

  2. Forex News

    Strategy Video: China’s Financial Markets Pose More Immediate Threat than Economy

  3. Forex News

    Japanese Yen Stumbles, but is a USDJPY Rally Above ¥124 Justified?

  4. Forex News

    Daily Observations: Checking in on GBP-crosses, USD-pairs

  5. Forex News

    FX: CFTC Commitment of Traders Report - TDS

Trading Center