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. SEB: EUR/USD sellers just above resistance - eFXnews
    Forex News

    SEB: EUR/USD sellers just above resistance - eFXnews

  2. USD/JPY shows another attempt to reach recent highs
    Forex News

    USD/JPY shows another attempt to reach recent highs

  3. EUR/GBP testing the range bottom before the UK data
    Forex News

    EUR/GBP testing the range bottom before the UK data

  4. What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank
    Forex News

    What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank

  5. GBP/USD attacks 1.63 area again
    Forex News

    GBP/USD attacks 1.63 area again

Trading Center