FXStreet (Barcelona) - FXStreet Chief Analyst Valeria Bednarik notes that USD/JPY remains stuck around the 102.00 level, having been unable to move anywhere far over the last 24 hours.



Key quotes



“The hourly chart shows 100 SMA crossing to the downside 200 one both above current price, while indicators head lower in neutral territory.”



“In the 4 hours chart a mild bearish tone prevails, albeit showing no directional strength, as indicators stand flat in negative territory.”



“Break below 101.70 is now required to confirm a leg lower, eyeing the 101.20/30 price zone.”



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY dips to 122.50

  2. Forex News

    USD/JPY consolidative near-term – Commerzbank

  3. Forex News

    USD/JPY steadies around 122.75, cautious ahead of Euro Summit

  4. Investing

    USD/JPY Forex Signal July 07 2015

  5. Forex News

    Euro, Yen Volatility Ahead as EU Officials Meet on Greece Crisis

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!