6 Mar 2014
USD/JPY has overcome a strong barrier, moving closer to 103.00
FXstreet.com (Moscow) – USD/JPY easily strode above 102.70 support area and trading at 102.76 at the moment.
New levels, new targets
If the Asian morning the pair spent in some hesitation, the European trades gave the USD/JPY new impulse to go higher. The pair took out the 102.57/60 area where larger offers were rumored, and is targeting at the next resistance level around 103.01. Peace and quiet in the markets only support the risk-on mode with good potential of break above 103.00 area.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.33, with support below at 102.09, 101.87 and 101.63, with resistance above at 102.55, 102.79, and 103.01. Hourly Moving Averages are mixed, with the 200SMA at 102.12 and the daily 20EMA at 102.25. Hourly RSI is neutral at 65.
New levels, new targets
If the Asian morning the pair spent in some hesitation, the European trades gave the USD/JPY new impulse to go higher. The pair took out the 102.57/60 area where larger offers were rumored, and is targeting at the next resistance level around 103.01. Peace and quiet in the markets only support the risk-on mode with good potential of break above 103.00 area.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.33, with support below at 102.09, 101.87 and 101.63, with resistance above at 102.55, 102.79, and 103.01. Hourly Moving Averages are mixed, with the 200SMA at 102.12 and the daily 20EMA at 102.25. Hourly RSI is neutral at 65.