USD/JPY extended up to 102.36 on the day - FXStreet

By FXstreet.com | August 12, 2014 AAA

FXStreet (Łódź) - FXStreet Chief Analyst Valeria Bednarik observes that USD/JPY, which rose to the 102.36 level earlier on Tuesday, is currently retracing from the strong static resistance area.



Key quotes



"The hourly chart shows indicators crossing their midlines to the downside, which suggest some further slides ahead, albeit price holds above its 100 SMA limiting the ability of the pair to extend its decline at the time being."



"In the 4 hours chart indicators are biased higher, yet only a clear break above 102.30/40 price zone, will favor an advance up to 102.80 price zone."



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation
    Forex News

    USD/JPY Traders Await Clearer Guidance As A Doji Signals Hesitation

  2. USD/JPY is dancing around 107.00
    Forex News

    USD/JPY is dancing around 107.00

  3. USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision
    Forex News

    USD/CAD Tests Critical Barrier As Intraday Dojis Denote Indecision

  4. NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades
    Forex News

    NZD/USD Stalls At 0.8000 Barrier As A Doji Arises & Volume Fades

  5. EUR/USD sidelined above 1.2700
    Forex News

    EUR/USD sidelined above 1.2700

Trading Center