5 May 2014
USD/JPY is in lazy retreat from 102.00
FXStreet (Moscow) - USD/JPY failed to break above 102.00, and retreated to 101.89 by the moment.
The pair is caged
The mixture of risk aversive moods due to escalation of Ukrainian conflict, and the absence of any catalysts able to trigger interest to the USD is the key reason the pair retreated back below 102.00 again. Nevertheless, the move down is limited by 101.85/75 area as large buyer’s interest with stops below is noted. Thus, the consolidative moves within narrow 20-pip range is not ruled out for the near-term.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.47, with support below at 101.87, 101.55 and 100.97 with resistance above at 102.77, 103.35, and 103.67. Hourly Moving Averages are mostly bearish, with the 200SMA at 102.37 and the daily 20EMA at 102.37. Hourly RSI is bearish at 28
The pair is caged
The mixture of risk aversive moods due to escalation of Ukrainian conflict, and the absence of any catalysts able to trigger interest to the USD is the key reason the pair retreated back below 102.00 again. Nevertheless, the move down is limited by 101.85/75 area as large buyer’s interest with stops below is noted. Thus, the consolidative moves within narrow 20-pip range is not ruled out for the near-term.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.47, with support below at 101.87, 101.55 and 100.97 with resistance above at 102.77, 103.35, and 103.67. Hourly Moving Averages are mostly bearish, with the 200SMA at 102.37 and the daily 20EMA at 102.37. Hourly RSI is bearish at 28