26 Mar 2014
USD/JPY slightly higher as Nikkei opens with gains
FXStreet (Córdoba) - The USD/JPY moved from 102.28 to 102.40 and printed a fresh daily high after stocks in Japan opened higher. The Nikkei 225 is up 0.45% after the first 30 minutes.
On Tuesday the USD/JPY finished with a small gain trading at 102.25, after finding resistance at 102.50.
USD/JPY technical outlook
“The 100 DMA at 102.55 is doing a good job in acting as a magnate and with the momentum indicators running flat, this could continue to be the case”, says Jim Langlands from FX Charts. The 200 HMA at 101.95 could hold for the coming session according to Langlands but warns that below price could make another run toward 101.75 and possibly 101.60.
On Tuesday the USD/JPY finished with a small gain trading at 102.25, after finding resistance at 102.50.
USD/JPY technical outlook
“The 100 DMA at 102.55 is doing a good job in acting as a magnate and with the momentum indicators running flat, this could continue to be the case”, says Jim Langlands from FX Charts. The 200 HMA at 101.95 could hold for the coming session according to Langlands but warns that below price could make another run toward 101.75 and possibly 101.60.