USD/JPY consolidates in Tokyo sub 103 handle

By FXstreet.com | July 30, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 102.82, up 0.04% on the day, having posted a daily high at 102.90 and low at 102.79.



USD/JPY is consolidating the US session with a proud greenback that has taken the pair back into threatening territory for the bears having breached and teased around the 103 handle on the surprise in the US GDP number. Weekly support is containing the pair here but the overbought conditions and fashion of the spike may require a concerted effort from the less committed bulls to hang in here to offer form at this key level. The Jobs numbers from the US will be especially key at this stage in the game.



USD/JPY Levels



With spot trading at 102.82, we can see next resistance ahead at 102.84 (Daily High), 102.89 (Weekly Classic R3), 103.10, 103.40, 103.80 and 105.31 (Annual High) and 105.31 (3 Year High). Support below can be found at 102.79 (Daily Open), 102.79 (Monthly High), 102.79 ,102.35 and 101.95.



comments powered by Disqus
Related Forex Analysis
  1. NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal
    Forex News

    NZD/USD Rebounds After Piercing Line Pattern Offered Bullish Signal

  2. GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals
    Forex News

    GBP/USD Recovery May Lack Fuel Amid Void Of Reversal Signals

  3. EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation
    Forex News

    EUR/USD Descent Stalls As A Doji Candlestick Highlights Hesitation

  4. USD/JPY recovered from Asian lows at 108.55, but still under pressure
    Forex News

    USD/JPY recovered from Asian lows at 108.55, but still under pressure

  5. AUD/USD Rebounds After Dragonfly Doji Denoted Indecision At 2014 Low
    Forex News

    AUD/USD Rebounds After Dragonfly Doji Denoted Indecision At 2014 Low

Trading Center