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27 May 2014
USD/JPY is back to 101.80
FXStreet (Moscow) - USD/JPY shortly dipped to 101.71, but the movement was not sustain and the pair returned to the pivotal level of 101.80.
USD/JPY has nothing substantial to move on
The absence of any risk aversion due to illusionary or real calm on the geopolitical arena may be another factor that of support for the pair in current circumstances. Nevertheless, the American data gives minimum reasons to buy USD, as fundamentals give mixed signals, and the Treasury yields are at yearly lows, although stopped sliding already. Once 101.80 is clearly broken, the next target to the downside at this point may become the 101.50 support with 101.35 to follow.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.95, with support below at 101.82, 101.71 and 101.59 with resistance above at 102.06, 102.18, and 102.29. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.59 and the daily 20EMA at 101.87. Hourly RSI is bullish at 55
USD/JPY has nothing substantial to move on
The absence of any risk aversion due to illusionary or real calm on the geopolitical arena may be another factor that of support for the pair in current circumstances. Nevertheless, the American data gives minimum reasons to buy USD, as fundamentals give mixed signals, and the Treasury yields are at yearly lows, although stopped sliding already. Once 101.80 is clearly broken, the next target to the downside at this point may become the 101.50 support with 101.35 to follow.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.95, with support below at 101.82, 101.71 and 101.59 with resistance above at 102.06, 102.18, and 102.29. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.59 and the daily 20EMA at 101.87. Hourly RSI is bullish at 55