FXStreet (Guatemala) - USD/JPY is trading at 102.19, down -0.01% on the day, having posted a daily high at 102.21 and low at 102.15.



USD/JPY is stuck in a range and the market is waking up to that after a number of weeks calling for break outs one way or another.
Valeria Bednarik, chief analyst at FXStreet, explains as a new day starts, the hourly chart shows price struggling around a bearish 100 SMA while indicators stand flat in neutral territory. “In the 4 hours chart price has managed to hold above its moving averages, but indicators maintain also a neutral stance. Sellers stand in the 102.30/40 area, and unless a clear break above it, the upside will remain limited”.



USD/JPY Support / Resistance Levels



Support levels: 101.95 101.60 101.20



Resistance levels: 102.35 102.80 103.10



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    USD/JPY drops to daily lows after US ADP miss

  2. Forex News

    USDOLLAR Index Exhibiting Tendency of a Bearish Market

  3. Forex News

    USD/JPY muted near 119.85

  4. Forex News

    USD/JPY recovers from session lows

  5. Forex News

    USD/JPY drops to session lows near 119.80

Trading Center