USD/JPY in positive territory - FXStreet

By FXstreet.com | Updated July 28, 2014 AAA

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that USD/JPY has traded uneventfully below 101.90.



Key Quotes:



“Hourly chart now showing a mild positive tone, as per price developing above moving averages and indicators standing in positive territory”.



“In the 4 hours chart indicators stand in positive territory but turning lower, while moving averages maintain a bearish slope albeit below current price”.



“Risk to the downside will likely increase on a break below 101.60, but bulls may take their chances on an advance beyond the 102.00 mark”.



“Support levels: 101.60 101.20 101.05”.



“Resistance levels: 101.95 102.35 102.80”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Treasury yields pull up USD/JPY pair

  2. Forex News

    USD/JPY may retest 117.18 levels – FXStreet

  3. Forex News

    USD/JPY bounces off 117.60

  4. Forex News

    USD/JPY might break above its 5 day range – DayTradeIdeas

  5. Forex News

    USD/JPY hovers around 118

Trading Center