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.



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY now testing 108.00
    Forex News

    USD/JPY now testing 108.00

  2. Nikkei gains on a weaker Yen
    Forex News

    Nikkei gains on a weaker Yen

  3. USD/JPY could get a lift on further BoJ easing speculation - BTMU
    Forex News

    USD/JPY could get a lift on further BoJ easing speculation - BTMU

  4. USD/JPY  may refresh 2-week highs
    Forex News

    USD/JPY may refresh 2-week highs

  5. USD/JPY Broke Out During Thursday Session
    Investing

    USD/JPY Broke Out During Thursday Session

Trading Center