10 Apr 2014
USD/JPY steady around the open on 102 handle
FXStreet (Guatemala) - Currently, USD/JPY is trading at 102.10, up 0.11% on the day, having posted a daily high at 102.15 and low at 101.90.
USD/JPY has been drifting higher around the Tokyo open, but markets are very much in consolidation mode while the dollar has been sidelined on dovish commentary in the FOMC minutes.
USD/JPY RSI in neutral territory
RSI is in neutral territory at 65.31, up from it’s last hourly close at 51.19, while ADX is ranging above 30 at 27.04, up from 13.51 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 41.46. The 200 SMA is currently at 102.21, down from 103.15 at the last period close, and declining on the hourly USD/JPY chart.
USD/JPY Levels
With spot trading at 102.11, we can see next resistance ahead at 102.15 (Daily High), 102.16 (Daily Classic PP), 102.17 (Yesterday's High), 102.67 (Weekly Classic S1) and 102.74 (Daily 20 SMA). Support below can be found at 102.05 (Weekly Classic S2), 102.00 (Daily Open), 101.99 (Hourly 20 EMA), 101.90 (Daily Low) and 101.81 (Weekly Low).
USD/JPY has been drifting higher around the Tokyo open, but markets are very much in consolidation mode while the dollar has been sidelined on dovish commentary in the FOMC minutes.
USD/JPY RSI in neutral territory
RSI is in neutral territory at 65.31, up from it’s last hourly close at 51.19, while ADX is ranging above 30 at 27.04, up from 13.51 at the last hourly close. Looking to a daily chart, we see that RSI is neutral at 41.46. The 200 SMA is currently at 102.21, down from 103.15 at the last period close, and declining on the hourly USD/JPY chart.
USD/JPY Levels
With spot trading at 102.11, we can see next resistance ahead at 102.15 (Daily High), 102.16 (Daily Classic PP), 102.17 (Yesterday's High), 102.67 (Weekly Classic S1) and 102.74 (Daily 20 SMA). Support below can be found at 102.05 (Weekly Classic S2), 102.00 (Daily Open), 101.99 (Hourly 20 EMA), 101.90 (Daily Low) and 101.81 (Weekly Low).