5 Feb 2014
USD/JPY has been a roller-coaster
FXStreet (Guatemala) - USD/JPY spiked again through 101.60, fell to 101.20 support where further supply came in and took the pair below 101.10. Now the fun is accumulating on 101.40 again.
USD/JPY has been a roller-coaster and Strategists at TD Securities nonetheless said, “We still think that the medium/longer-term trend in USD/JPY is higher but the near-term direction will be heavily influenced by risk appetite and volatility. Risk off and/or higher volatility will leave the door open for a more downside testing for USD/JPY in the near-term”.
USD/JPY Levels
The 20 DMA is 103.39, the 50 DMA is 103.47 and the 200 DMA is 100.05. Supports are ascending from 100.26,100.76, 100.93, 101.20. Spot is 101.38 while resistances are 101.40, 101.77, 101.95, 102.15 and 102.41.
USD/JPY has been a roller-coaster and Strategists at TD Securities nonetheless said, “We still think that the medium/longer-term trend in USD/JPY is higher but the near-term direction will be heavily influenced by risk appetite and volatility. Risk off and/or higher volatility will leave the door open for a more downside testing for USD/JPY in the near-term”.
USD/JPY Levels
The 20 DMA is 103.39, the 50 DMA is 103.47 and the 200 DMA is 100.05. Supports are ascending from 100.26,100.76, 100.93, 101.20. Spot is 101.38 while resistances are 101.40, 101.77, 101.95, 102.15 and 102.41.