USD/JPY creating mild gains - FXStreet

By FXstreet.com | July 22, 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 “.



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