USD/JPY unfazed in local data releases

By FXstreet.com | July 07, 2014 AAA

FXStreet (Guatemala) - USD/JPY is trading at 101.72, down -0.13% on the day, having posted a daily high at 101.92 and low at 101.71.



USD/JPY is unfazed by the string of local data and remains unchanged on the open of the Nikkei. Looking to a daily chart, we see that RSI is neutral at 48.85 The 200 SMA is currently at 102.04, up from 101.72 at the last period close, and climbing on the hourly USD/JPY chart.



USD/JPY Levels



With spot trading at 101.72, we can see next resistance ahead at 101.78 (Yesterday's Low), 101.80 (Daily 200 SMA), 101.86 (Daily Open) and 101.87 (Weekly Classic PP). Support below can be found at 101.71 (Daily Low), 101.68 (Daily Classic S1), 101.51 (Daily Classic S2), 101.45 (Weekly Classic S1) and 101.33 (Monthly Low).



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