7 Aug 2015
USD/JPY retraces post-NFP gains
FXStreet (Córdoba) - USD/JPY failed to hold above the 125 mark and has already retraced post-nonfarm payrolls gains to trade in negative ground for the day.
USD/JPY peaked at 125.06, its highest level in two months, before pulling back to the 124.50 zone as investors continue to assess nonfarm payrolls data. At time of writing, the pair is trading at 124.55, 0.14% below its opening price.
USD/JPY levels to watch
As for technical levels, USD/JPY could find next resistances at 125.67 (Jun 8 high) and 125.85 (2015 high Jun 5). On the flip side, supports are seen at 124.33 (Aug 7 low), 124.15 (10-day SMA) and 123.79 (Aug 4 low).
USD/JPY peaked at 125.06, its highest level in two months, before pulling back to the 124.50 zone as investors continue to assess nonfarm payrolls data. At time of writing, the pair is trading at 124.55, 0.14% below its opening price.
USD/JPY levels to watch
As for technical levels, USD/JPY could find next resistances at 125.67 (Jun 8 high) and 125.85 (2015 high Jun 5). On the flip side, supports are seen at 124.33 (Aug 7 low), 124.15 (10-day SMA) and 123.79 (Aug 4 low).