FXStreet (Guatemala) - USD/JPY is trading at 102.63, up 0.06% on the day, having posted a daily high at 102.66 and low at 102.55.



USD/JPY is steadily into the 102.60 territory here in the opening hour of Tokyo wit the Nikkei opening up 0.84%. Valeria Bednarik, chief analyst at FXStreet said however that the advance remains shy of 102.80 resistance area, where the pair has several daily highs from the past few weeks, and a daily descendant trend line coming from this year high of 105.43 which reinforces the strength of the level. “The hourly chart shows indicators losing upward strength in positive territory, but price above its moving averages, maintaining a positive tone. In the 4 hours chart, indicators aim higher around their midlines while price held above moving averages, supporting the shorter term view”.



USD/JPY support and resistance levels



Support levels: 102.35 101.95 101.60



Resistance levels: 102.80 103.10 103.45



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    What are the Traits of Successful Traders?

  2. Forex News

    USD/JPY losses strength near 123.00

  3. Forex News

    USDJPY Favors Upside If Risk-On Holds

  4. Forex News

    Opportunities Abound in EUR- and USD-pairs after Greek Referendum

  5. Forex News

    USD/JPY sidelined near 122.60

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!