2 Jun 2014
USD/JPY hesitates to climb above 102.00
FXStreet (Moscow) - USD/JPY opened the day at 101.85, rushed to 102.08 high in the morning, but retreated to 101.94 by the moment.
102.00 is still unreachable
USD/JPY is still trading below 102.00 resistance, as the market lacks really impressive readings from the US economy. The reports paint mixed picture - Friday Consumer Confidence came out below expectation, although PMI Chicago surprised to the upside. Today we will get Manufacturing ISM data, and given the looming Non-Farm Payrolls released this Friday, the market may focus its attention on employment component. The upside for the pair is limited by the initial resistance at 102.08, and the downside is supported by 101.53.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.70, with support below at 101.53, 101.31 and 101.15 with resistance above at 101.92, 102.08, and 102.31. Hourly Moving Averages are bullish, with the 200SMA at 101.71 and the daily 20EMA at 101.86. Hourly RSI is bullish at 71.
102.00 is still unreachable
USD/JPY is still trading below 102.00 resistance, as the market lacks really impressive readings from the US economy. The reports paint mixed picture - Friday Consumer Confidence came out below expectation, although PMI Chicago surprised to the upside. Today we will get Manufacturing ISM data, and given the looming Non-Farm Payrolls released this Friday, the market may focus its attention on employment component. The upside for the pair is limited by the initial resistance at 102.08, and the downside is supported by 101.53.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.70, with support below at 101.53, 101.31 and 101.15 with resistance above at 101.92, 102.08, and 102.31. Hourly Moving Averages are bullish, with the 200SMA at 101.71 and the daily 20EMA at 101.86. Hourly RSI is bullish at 71.