USD/JPY's 103.00 mission takes a pause as pair falls to 102.50

By FXstreet.com | August 04, 2014 AAA

FXStreet (San Francisco) - The USD/JPY's attempt to test the 103.00 level again suffered a setback at 102.75 where the pair found sell orders and it was launched back to trade around 102.50.



Currently, USD/JPY is trading at 102.56, down 0.05% on the day, having posted a daily high at 102.74 and low at 102.48. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish.



USD/JPY sentiment



If the pair breaks below the 102.50, next supports would be at 102.30, 102.10 and 102.00. On the upside, 102.75, 103.00 and then 103.10 are resistances.



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