FXStreet (Guatemala) - USD/JPY is trading at 101.70, up 0.06% on the day, having posted a daily high at 101.76 and low at 101.64.



With Nikkei opening down, 0.17%, the USD/JPY is a slow play, grinding sideways within a narrow range. Valeria Bednarik, chief analyst at FXStreet explained that further gains are possible if 101.60 holds, yet a break below it exposes the pair to a slide towards 101.20 price zone”. Meanwhile, looking to a daily chart, we see that RSI is neutral at 48.25.



USD/JPY Levels



Spot is presently trading at 101.74, and next resistance can be seen at 101.76 (Yesterday's High), (Daily High), 101.82 (Daily Classic R1), 101.92 (Daily 200 SMA) and 101.95 (Daily Classic R2). Support below can be found at 101.72 (Daily 20 SMA), 101.68 (Weekly High), (Daily Open), 101.68 (Hourly 200 SMA) and 101.64 (Daily Low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Opportunities Abound in EUR- and USD-pairs after Greek Referendum

  2. Forex News

    USD/JPY sidelined near 122.60

  3. Forex News

    Greece Hopes to Restart Debt Deal Negotiations. Will the EU Oblige?

  4. Investing

    USD/JPY Forex Signal July 06 2015

  5. Forex News

    Credit Agricole: USD/JPY might test 121 support due to Greece crisis – eFXnews

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!