4 Dec 2013
USD/JPY bid or offers starting to stack up?
FXstreet.com (London) - USD/JPY is choppy and trying to reverse the move from 103.15 London.
USD/JPY suffered in the broad USD selling earlier across Europe, slipping from 103.15 early London to a 101.98 low before stabilising at 102.40 and is now meeting resistance at 102.60 which is proving a tough level with the congestion building up.
USD/JPY Levels
The 20 DMA is 100.39, the 50 DMA is 98.96 and the 200 DMA is 98.35. RSI (14) reads 48.90. Supports are ascending from 102.12, 102.22, Spot is 102.40 currently while resistances are 102.60, 102.83,103.35,103.57,103.74, 104.04 and 104.58.
USD/JPY suffered in the broad USD selling earlier across Europe, slipping from 103.15 early London to a 101.98 low before stabilising at 102.40 and is now meeting resistance at 102.60 which is proving a tough level with the congestion building up.
USD/JPY Levels
The 20 DMA is 100.39, the 50 DMA is 98.96 and the 200 DMA is 98.35. RSI (14) reads 48.90. Supports are ascending from 102.12, 102.22, Spot is 102.40 currently while resistances are 102.60, 102.83,103.35,103.57,103.74, 104.04 and 104.58.