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

    GPIF fast approaching target? Still JPY negative - Nomura

  2. Forex News

    USD/JPY bulls back in control

  3. Forex News

    USD/JPY Technical Analysis: Attempting a Rebound Anew

  4. Forex News

    Japan's giant pension funds to invest more aggressively in domestic equities

  5. Forex News

    Video: Will the Market Move on NFPs with Liquidity, Greece Hanging Over It?

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!