USD/JPY creating mild gains - FXStreet

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that USD/JPY recovery stalled at critical 101.60 static resistance level, but the pair managed anyway to close the day with some mild gains.



“The hourly chart shows price right above its moving averages, but indicators turning lower around their midlines, still quite neutral”.



“In the 4 hours chart price remained capped by its 100 SMA while indicators stand also in neutral territory, flat around their midlines”.



“Support levels: 101.20 101.05 100.70”.



“Resistance levels: 101.60 101.95 102.35 “.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY visiting lows on ‘patient’ Fed

  2. Forex News

    USD/JPY short-term downside risks – FXStreet

  3. Forex News

    USD/JPY extends consolidation below 118.00

  4. Forex News

    USD/JPY unchanged ahead of Fed statement – MP

  5. Forex News

    USD/JPY technicals warn of downside risks – Scotiabank

Trading Center