USD/JPY has stalled at minor resistance of 101.80

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Moscow) - USD/JPY has recovered from the Asian low of 101.67 and settled around minor resistance of 101.80.



Time to pay a visit to a lower side of the range



USD/JPY is firmly below 102.00, which means that the pair has entered a consolidation phase, where 102.00-102.19 is likely to cap the upside, while 101.20-10 will provide a good floor. Form the fundamental point of view, risk sentiments and FED rates expectations are what occupy investors’ minds nowadays. Slightly negative Japanese stock markets development this morning added pressure to USD/JPY, while positive results of USD bill auctions later today might serve as a reason for USD buying.



What are today’s key USD/JPY levels?



Today's central pivot point can be found at 101.95, with support below at 101.68, 101.51 and 101.24 with resistance above at 102.13, 102.40, and 102.57. Hourly Moving Averages are mostly bearish, with the 200SMA at 101.72 and the daily 20EMA at 101.89. Hourly RSI is bearish at 43.



comments powered by Disqus
Related Forex Analysis
  1. BoJ to retain a positive outlook for growth, inflation - RBS
    Forex News

    BoJ to retain a positive outlook for growth, inflation - RBS

  2. Session Recap: Artificial growth does not feed the USD
    Forex News

    Session Recap: Artificial growth does not feed the USD

  3. USDJPY Presses Resistance Ahead of BoJ- Support at 108.87
    Forex News

    USDJPY Presses Resistance Ahead of BoJ- Support at 108.87

  4. USD/JPY challenges tops near 109.40
    Forex News

    USD/JPY challenges tops near 109.40

  5. USD/JPY Back at 13 Year Trendline
    Forex News

    USD/JPY Back at 13 Year Trendline

Trading Center