26 Nov 2014
USD/JPY stuck in a range, US data eyed
FXStreet (Córdoba) - USD/JPY is going through a consolidation phase, trading in a tight range below 118.00, ahead of a busy data day in the US.
Investors will be closely watching the durable goods orders, personal income and spending, Chicago PMI and initial jobless claims on the US docket. In the meantime, USD/JPY spends time trapped in a tight range within 117.60 and 117.90. The pair is currently trading at 117.70, 0.21% below its opening price.
USD/JPY supports & resistances
In terms of technical levels, USD/JPY could find immediate supports at 117.58 (daly low), 117.42 (200-hour SMA) and 117.34 (Nov 21 low). On the other hand, resistances are seen at 117.95/118.00 (daily high/100-hour SMA/psychological level) and 118.56 (Nov 25 high).
Investors will be closely watching the durable goods orders, personal income and spending, Chicago PMI and initial jobless claims on the US docket. In the meantime, USD/JPY spends time trapped in a tight range within 117.60 and 117.90. The pair is currently trading at 117.70, 0.21% below its opening price.
USD/JPY supports & resistances
In terms of technical levels, USD/JPY could find immediate supports at 117.58 (daly low), 117.42 (200-hour SMA) and 117.34 (Nov 21 low). On the other hand, resistances are seen at 117.95/118.00 (daily high/100-hour SMA/psychological level) and 118.56 (Nov 25 high).