USD/JPY breaks above 102.00

By FXstreet.com | July 29, 2014 AAA

FXStreet (Córdoba) - The USD/JPY managed to rise past the 102.00 mark and hit fresh 3-week highs as the greenback gathers pace at the beginning of the American session.



The USD/JPY absorbed offers at the 102.00/04 zone, where the 100- and 200-day SMA converge, and climbed to a high of 102.11 before slowing a tad.



Latest string of US data had, little to say much, impact on the USD. At time of writing, the USD/JPY is trading at 102.05, 0.21% above its opening price.



USD/JPY technical levels



As for technical levels, next resistances could be found at 102.11 (Jul 29 high), 102.25 (Jul 3 high) and 102.35 (Jun 18 high). On the other hand, supports are seen at 101.70 (Jul 25 low), 101.55 (10-day SMA) and 101.40 (Jul 24 low).



comments powered by Disqus
Related Forex Analysis
  1. Markets Brace for More Volatility on ECB TLTRO, Scotland Referendum
    Forex News

    Markets Brace for More Volatility on ECB TLTRO, Scotland Referendum

  2. USD/JPY unstoppable; 109.00 within reach
    Forex News

    USD/JPY unstoppable; 109.00 within reach

  3. British Pound: Scottish Vote is Close and FX Traders are Nervous
    Forex News

    British Pound: Scottish Vote is Close and FX Traders are Nervous

  4. EUR/USD on mend, but sky is still clouded
    Forex News

    EUR/USD on mend, but sky is still clouded

  5. Asia Recap: Focus shifted to Scottish vote
    Forex News

    Asia Recap: Focus shifted to Scottish vote

Trading Center