5 Feb 2014
USD/JPY is climbing the trending support
FXStreet (Guatemala) - USD/JPY has marched on, capped by 101.50 for the time being which the pair continues to be supported by the ascending trend line form below 100.80.
Strategists at TD Securities confirmed the current sentiment with comments, “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 101.44 while resistances are 101.40, 101.77, 101.95, 102.15 and 102.41.
Strategists at TD Securities confirmed the current sentiment with comments, “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 101.44 while resistances are 101.40, 101.77, 101.95, 102.15 and 102.41.