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2 Jan 2014
USD/JPY capped below 105.40
FXstreet.com (Barcelona) - Despite a failed overnight attempt to test the 105.50 level, USD/JPY is capped around 105.40 at presently, trading at 105.36 with little significant price movement.
USD/JPY dull ahead of US session
Having declined from its opening high at 105.40, USD/JPY made a low at 105.24 before climbing to find resistance at the 105.40 mark where it is presently ranging. Upbeat European PMIs, with the absence of France, have had little effect, and today’s focus is placed upon US Initial and Continuing Jobless Claims, and Manufacturing PMI this afternoon.
What are today’s key USD/JPY levels?
Hourly RSI sits at 61, ranging below overbought territory, with ADX at 27. The hourly 200 SMA sits at 104.77 and sloping higher, and the 20D EMA is at 103.88 and rising too. The daily pivot point is found at 105.31, which doubles as near term support, with 105.21 (S1) below and 105.41 (R1) above. Offers are reported in the region between 105.40-50, but the range between 105.35-01 is showing a significant number of technical support levels clustered in the region.
USD/JPY dull ahead of US session
Having declined from its opening high at 105.40, USD/JPY made a low at 105.24 before climbing to find resistance at the 105.40 mark where it is presently ranging. Upbeat European PMIs, with the absence of France, have had little effect, and today’s focus is placed upon US Initial and Continuing Jobless Claims, and Manufacturing PMI this afternoon.
What are today’s key USD/JPY levels?
Hourly RSI sits at 61, ranging below overbought territory, with ADX at 27. The hourly 200 SMA sits at 104.77 and sloping higher, and the 20D EMA is at 103.88 and rising too. The daily pivot point is found at 105.31, which doubles as near term support, with 105.21 (S1) below and 105.41 (R1) above. Offers are reported in the region between 105.40-50, but the range between 105.35-01 is showing a significant number of technical support levels clustered in the region.