26 Jun 2014
USD/JPY losing upward strength
FXStreet (Guatemala) - USD/JPY is trading at 101.81, down -0.05% on the day, having posted a daily high at 101.88 and low at 101.78.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Valeria Bednarik, chief analyst at FXStreet explained that the hourly chart shows “price below moving averages, both flat around 101.90 and indicators losing upward strength below their midlines, which keeps the risk to the downside. In the 4 hours chart indicators advance from oversold levels but remain in negative territory, while price stands below moving averages”.
USD/JPY Levels
With spot trading at 101.82, we can see next resistance ahead at 101.86 (Hourly 20 EMA), 101.87 (Daily Open), 101.87 (Weekly Low), 101.88 (Daily High) and 101.94 (Hourly 100 SMA). Support below can be found at 101.80 (Daily Classic S1), 101.78 (Daily Low), 101.73 (Weekly Classic S1), 101.70 (Monthly Low) and 101.66 (Daily 200 SMA).
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Valeria Bednarik, chief analyst at FXStreet explained that the hourly chart shows “price below moving averages, both flat around 101.90 and indicators losing upward strength below their midlines, which keeps the risk to the downside. In the 4 hours chart indicators advance from oversold levels but remain in negative territory, while price stands below moving averages”.
USD/JPY Levels
With spot trading at 101.82, we can see next resistance ahead at 101.86 (Hourly 20 EMA), 101.87 (Daily Open), 101.87 (Weekly Low), 101.88 (Daily High) and 101.94 (Hourly 100 SMA). Support below can be found at 101.80 (Daily Classic S1), 101.78 (Daily Low), 101.73 (Weekly Classic S1), 101.70 (Monthly Low) and 101.66 (Daily 200 SMA).