5 May 2014
USD/JPY nestled back in on the 102 handle
FXStreet (Guatemala) - USD/JPY is trading at 102.09, having posted a daily high at 102.27 and low at 101.86
USD/JPY remains on the 102 handle having reclaimed the territory post falling below the psychological level to the lows with the continued violence in Ukraine that gives the safe haven and risk off JPY an advantage.
USD/JPY Levels
Current price is 102.10, with resistance ahead at 102.13 (Yesterday's Low), 102.18 (Weekly Low), 102.20 (Daily Open), 102.27 (Daily High) and 102.32 (Hourly 100 SMA). Next support to the downside can be found at 102.08 (Hourly 20 EMA), 101.87 (Daily Classic S1), 101.86 (Daily Low), 101.80 (Weekly Classic S1) and 101.55 (Daily Classic S2).
USD/JPY chart formations
Looking at price patterns, we can see a Piercing Line 1-hour candlestick formation.
USD/JPY remains on the 102 handle having reclaimed the territory post falling below the psychological level to the lows with the continued violence in Ukraine that gives the safe haven and risk off JPY an advantage.
USD/JPY Levels
Current price is 102.10, with resistance ahead at 102.13 (Yesterday's Low), 102.18 (Weekly Low), 102.20 (Daily Open), 102.27 (Daily High) and 102.32 (Hourly 100 SMA). Next support to the downside can be found at 102.08 (Hourly 20 EMA), 101.87 (Daily Classic S1), 101.86 (Daily Low), 101.80 (Weekly Classic S1) and 101.55 (Daily Classic S2).
USD/JPY chart formations
Looking at price patterns, we can see a Piercing Line 1-hour candlestick formation.