7 Apr 2014
USD/JPY tests back MA 200-hour at 103.10
FXStreet (San Francisco) - The US Dollar's recovery against the Japanese Yen from the 103.00 daily low has been capped at 103.30 where the pair has been rejected and launched to test back the MA 200-hour at 103.10.
Currently, USD/JPY is trading at 103.12, down -0.16% on the day, having posted a daily high at 103.40 and low at 102.99. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
Entering into the American session, RSI is in neutral territory at 51.68, up from its last hourly close at 38.25, while ADX is ranging above 30 at 21.99, down from 25.98 at the last hourly close.
Levels to Watch
The USD/JPY would face resistances at 103.20 (Yesterday's Low), 103.22 (Weekly Low) and 103.40 (Daily High). On the downside, next support can be found at 103.10 (Hourly 200 SMA), 102.99 (Daily Low) and 102.86 (Daily 100 SMA).
Currently, USD/JPY is trading at 103.12, down -0.16% on the day, having posted a daily high at 103.40 and low at 102.99. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
Entering into the American session, RSI is in neutral territory at 51.68, up from its last hourly close at 38.25, while ADX is ranging above 30 at 21.99, down from 25.98 at the last hourly close.
Levels to Watch
The USD/JPY would face resistances at 103.20 (Yesterday's Low), 103.22 (Weekly Low) and 103.40 (Daily High). On the downside, next support can be found at 103.10 (Hourly 200 SMA), 102.99 (Daily Low) and 102.86 (Daily 100 SMA).