USD/JPY tests 102.00

By FXstreet.com | July 29, 2014 AAA

FXStreet (Córdoba) - The USD/JPY is enjoying some timid momentum and has managed to extend gains to near 102.00 Tuesday, as the dollar trades firmer across the board.



The USD/JPY climbed to a 3-week high of 101.99, buoyed by Nikkei gains, but failed to clear the psychological level which resistance is being reinforced by the 100- and 200-day SMA crossover. At time of writing, the USD/JPY is trading at 101.95, recording a 0.11% gain on the day.



USD/JPY levels to watch



As for technical levels, next resistances could be found at 102.00/02 (psychological level/100- and 200-day SMA crossover) and 102.25 (Jul 3 high). On the other hand, supports are seen at 101.70 (Jul 25 low), 101.55 (10-day SMA) and 101.40 (Jul 24 low).



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