29 Nov 2013
USD/JPY treads water above 102.00
FXstreet.com (Córdoba) - The USD/JPY, as most pairs in the FX market, has entered in a phase of quiet consolidation following limited action during the Asian session.
The USD/JPY settled in a slim range over the last hours after pulling back from a fresh 6-month high scored at 102.60, with the pair having barely moved a couple of pips over the last hours. At time of writing, USD/JPY is trading at the 102.30 zone, flat on the day but on track to post its fifth weekly gain in a row.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate resistances at 102.60 (daily high) and 103.00 (psychological level) ahead of 103.55 (May 23 high). On the other hand, supports are seen at 102.10 (daily low) and 101.92 (Nov 28 low) followed by 101.14 (Nov 26 low) and 101.00 (psychological level).
The USD/JPY settled in a slim range over the last hours after pulling back from a fresh 6-month high scored at 102.60, with the pair having barely moved a couple of pips over the last hours. At time of writing, USD/JPY is trading at the 102.30 zone, flat on the day but on track to post its fifth weekly gain in a row.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate resistances at 102.60 (daily high) and 103.00 (psychological level) ahead of 103.55 (May 23 high). On the other hand, supports are seen at 102.10 (daily low) and 101.92 (Nov 28 low) followed by 101.14 (Nov 26 low) and 101.00 (psychological level).