6 Feb 2014
USD/JPY bounces hard at 101.25, back above 101.50
FXStreet (San Francisco) - The USD/JPY stopped its bearish movement from 101.55 at 101.25 where the pair bounced in the last few minutes and it jumped to trade around 101.66.
The USD/JPY is currently trading at 101.53, 0.23% positive in the day. The short term just turned to slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the MACD is bearish and the Stochastic is neutral.
CitiFX just released its poll on where will USD/JPY end February and results are more on the upside: From 184 participants; 27.2% of participants believe it will be below 100; 29.9% in between 100 and 102; and 42.9% above 102.
USD/JPY Sentiment
Focusing on Friday's Nonfarm payrolls data, the USD/JPY would face resistances at 101.70/75, 102.10 and 102.40. On the downside, 101.30, 100.75 and 100.60 are supports.
The USD/JPY is currently trading at 101.53, 0.23% positive in the day. The short term just turned to slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the MACD is bearish and the Stochastic is neutral.
CitiFX just released its poll on where will USD/JPY end February and results are more on the upside: From 184 participants; 27.2% of participants believe it will be below 100; 29.9% in between 100 and 102; and 42.9% above 102.
USD/JPY Sentiment
Focusing on Friday's Nonfarm payrolls data, the USD/JPY would face resistances at 101.70/75, 102.10 and 102.40. On the downside, 101.30, 100.75 and 100.60 are supports.