USD/JPY suddenly spikes back below 104 handle

By FXstreet.com | Updated August 25, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 103.88, having posted a daily high at 104.13 and low at 103.86.



USD/JPY has suddenly dropped the 104 handle despite fundamentals and technical offering bullish signals. However, there are no events surrounding the pair until the US opens so range trading should remain the theme and this could be simply a bottom of that range for the session with some give until key support at 103.70 ahead of 103.40.



USD/JPY support and resistance levels



Support levels: 103.70, 103.40 and 102.90



Resistance levels: 104.35, 104.80 and 105.25



comments powered by Disqus
Related Forex Analysis
  1. Ranges Persist in USD-Pairs Post-FOMC Meeting
    Forex News

    Ranges Persist in USD-Pairs Post-FOMC Meeting

  2. Nikkei ends at a three-week high
    Forex News

    Nikkei ends at a three-week high

  3. USD/JPY attacks 109.00 support
    Forex News

    USD/JPY attacks 109.00 support

  4. Further USD/JPY up-move expected in the coming days - UOB Group
    Forex News

    Further USD/JPY up-move expected in the coming days - UOB Group

  5. Credit Agricole : JPY should be sold on rallies - eFXnews
    Forex News

    Credit Agricole : JPY should be sold on rallies - eFXnews

Trading Center