USD/JPY holding on 101.50

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 101.54, up 0.05% on the day, having posted a daily high at 101.57 and low at 101.47.



USD/JPY spot is in overbought territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish, all the while we are still unchanged with the Tokyo open and trade data already posted. However, in the 4 hours chart, as noted by Valeria Bednarik, chief analyst at FXStreet explained, “Indicators head higher in positive territory, yet chances of an advance are subdue to a break above mentioned resistance”.



USD/JPY Levels



Spot is presently trading at 101.54, and next resistance can be seen at 101.56 (Yesterday's High), 101.60 (Daily 20 SMA) and 101.67 (Weekly High). Next support to the downside can be found at 101.47 (Daily Low) and 101.40 ahead of 101.20.



Related Forex Analysis
  1. USD/JPY firmer, eyes on 118.50
    Forex News

    USD/JPY firmer, eyes on 118.50

  2. US Dollar Faces Tough Test, Japanese Yen Remains Focus
    Forex News

    US Dollar Faces Tough Test, Japanese Yen Remains Focus

  3. USD/JPY steady in light holiday trade – MP
    Forex News

    USD/JPY steady in light holiday trade – MP

  4. BoJ staying the course – GS
    Forex News

    BoJ staying the course – GS

  5. AUD/USD Triangulates on H4; EUR/USD, GBP/USD Holding Range Lows
    Forex News

    AUD/USD Triangulates on H4; EUR/USD, GBP/USD Holding Range Lows

Trading Center