25 Jun 2014
USD/JPY threatening downside again
FXStreet (Guatemala) - USD/JPY is trading at 101.93, down -0.04% on the day, having posted a daily high at 102.00 and low at 101.91.
Wit the Nikkei up 0.05%, USD/JPY continues to press lower and is losing sight of the 102 handle. Attention here could well be reverted back to the 200 day ma at 101.61 and which protects the 100.75/78 key support ( 2014 low and 55 week ma). RSI is in neutral territory at 38.94, down from it’s last hourly close at 47.95, while ADX is ranging above 30 at 26.20, up from 20.35 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 48.33. The 200 SMA is currently at 101.94, down from 101.96 at the last period close, and declining on the hourly USD/JPY chart. Moving with a rangebound trend, the exponential average closing price is 102.05.
USD/JPY Levels
Spot is presently trading at 101.93, and next resistance can be seen at 101.95 (Hourly 100 SMA), 101.96 (Hourly 200 SMA), (Daily Classic PP), 101.97 (Hourly 20 EMA) and (Daily Open). Support below can be found at 101.92 (Weekly Low), 101.91 (Daily Low), 101.82 (Yesterday's Low), 101.78 (Daily Classic S1) and 101.73 (Weekly Classic S1).
Wit the Nikkei up 0.05%, USD/JPY continues to press lower and is losing sight of the 102 handle. Attention here could well be reverted back to the 200 day ma at 101.61 and which protects the 100.75/78 key support ( 2014 low and 55 week ma). RSI is in neutral territory at 38.94, down from it’s last hourly close at 47.95, while ADX is ranging above 30 at 26.20, up from 20.35 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 48.33. The 200 SMA is currently at 101.94, down from 101.96 at the last period close, and declining on the hourly USD/JPY chart. Moving with a rangebound trend, the exponential average closing price is 102.05.
USD/JPY Levels
Spot is presently trading at 101.93, and next resistance can be seen at 101.95 (Hourly 100 SMA), 101.96 (Hourly 200 SMA), (Daily Classic PP), 101.97 (Hourly 20 EMA) and (Daily Open). Support below can be found at 101.92 (Weekly Low), 101.91 (Daily Low), 101.82 (Yesterday's Low), 101.78 (Daily Classic S1) and 101.73 (Weekly Classic S1).