10 Apr 2014
USD/JPY pressing on monthly lows
FXStreet (Guatemala) - USD/JPY is trading at 101.45, down -0.53% on the day, having posted a daily high at 102.16 and low at 101.33.
USD/JPY is vulnerable to the downside currently after failing through and at 102 on two occasions, once overnight and again in European markets as traders are concerned on the dovish statement from the FOMC yesterday.
USD/JPY Levels
With spot trading at 101.45, we can see next resistance ahead at 101.51 (Daily Classic S2), 101.68 (Hourly 20 EMA), 101.72 (Yesterday's Low), 101.75 (Daily Classic S1) and 101.81 (Weekly Low). Support below can be found at 101.36 (Monthly Low), 101.33 (Daily Low), 101.31 (Weekly Classic S3), 101.30 (Daily Classic S3) and 101.00 (YTD Low).
USD/JPY is vulnerable to the downside currently after failing through and at 102 on two occasions, once overnight and again in European markets as traders are concerned on the dovish statement from the FOMC yesterday.
USD/JPY Levels
With spot trading at 101.45, we can see next resistance ahead at 101.51 (Daily Classic S2), 101.68 (Hourly 20 EMA), 101.72 (Yesterday's Low), 101.75 (Daily Classic S1) and 101.81 (Weekly Low). Support below can be found at 101.36 (Monthly Low), 101.33 (Daily Low), 101.31 (Weekly Classic S3), 101.30 (Daily Classic S3) and 101.00 (YTD Low).