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22 Apr 2014
USD/JPY marks time close to its opening level
FXStreet (Moscow) - USD/JPY has stuck in the middle of its intraday range after reaching the Asian high of 102.74
In hopes for new triggers
USD/JPY bulls won back 20 pips on Monday and went to sleep again. The pair has started Tuesday morning in Asia with consolidation in a narrow range close to yesterday’s highs. The macroeconomic calends is next to empty today, though existing home sales in US might trigger some positive US Dollar movements if they support the idea that weather improvements revived the economic activity. USD/JPY needs to break above 102.70 to clear the way to the next pivot of 103.00. The downside is likely to be limited by Monday low at 102.38.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.57, with support below at 102.41, 102.22 and 102.06 with resistance above at 102.76, 102.92, and 103.11. Hourly Moving Averages are bullish, with the 200SMA at 102.03 and the daily 20EMA at 102.38. Hourly RSI is bullish at 60.
In hopes for new triggers
USD/JPY bulls won back 20 pips on Monday and went to sleep again. The pair has started Tuesday morning in Asia with consolidation in a narrow range close to yesterday’s highs. The macroeconomic calends is next to empty today, though existing home sales in US might trigger some positive US Dollar movements if they support the idea that weather improvements revived the economic activity. USD/JPY needs to break above 102.70 to clear the way to the next pivot of 103.00. The downside is likely to be limited by Monday low at 102.38.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.57, with support below at 102.41, 102.22 and 102.06 with resistance above at 102.76, 102.92, and 103.11. Hourly Moving Averages are bullish, with the 200SMA at 102.03 and the daily 20EMA at 102.38. Hourly RSI is bullish at 60.