26 Mar 2014
USD/JPY balanced squarely in Asia
FXStreet (Guatemala) - USD/JPY had been a slow burner overnight and there have been no developments in Asia while the pair is stuck in range 25/33 on the 102 handle.
USD/JPY remains in consolidation with very little offered fundamentally to trade upon except the positive data in North America markets for the greenback. Meanwhile, Chief analyst, Karen Jones, at Commerzbank noted that resistance comes in at the February high at 102.83 as well as the mid January low at 102.85. “We have a multitude of supports between 101 and 100. We look for this ‘zone’ to underpin. This area is also reinforced by the 55 week ma at 99.88”.
USD/JPY Levels
The 20 DMA is 102.27, the 50 DMA is 102.55 and the 200 DMA is 100.46. RSI (14) reads 49.35. Supports are ascending from 101.69, 101.89, 102.01 and 102.13. Spot is 102.29. Resistances are 102.39, 102.69, 102.86 and 103.43.
USD/JPY remains in consolidation with very little offered fundamentally to trade upon except the positive data in North America markets for the greenback. Meanwhile, Chief analyst, Karen Jones, at Commerzbank noted that resistance comes in at the February high at 102.83 as well as the mid January low at 102.85. “We have a multitude of supports between 101 and 100. We look for this ‘zone’ to underpin. This area is also reinforced by the 55 week ma at 99.88”.
USD/JPY Levels
The 20 DMA is 102.27, the 50 DMA is 102.55 and the 200 DMA is 100.46. RSI (14) reads 49.35. Supports are ascending from 101.69, 101.89, 102.01 and 102.13. Spot is 102.29. Resistances are 102.39, 102.69, 102.86 and 103.43.