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6 Jan 2014
The USD/JPY finds support at 103.90, back above 104.00
FXstreet.com (San Francisco) - The US dollar finally found support against the Japanese yen and following a 95 pips decline from 104.85, the USD/JPY has bounced at 103.90 to trade back at 104.30.
Currently, the USD/JPY is trading at 104.20, 0.50% negative on the day. The short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
USD/JPY levels
The USD/JPY would find resistances at 104.94 (daily high), 105.00 (psychological level) and 105.44 (Jan 2 high). On the downside, immediate supports are at 103.90 (daily low), 103.76 (Dec 23 low) and 103.43 (Dec 12 high).
Currently, the USD/JPY is trading at 104.20, 0.50% negative on the day. The short term perspective is strongly bearish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral.
USD/JPY levels
The USD/JPY would find resistances at 104.94 (daily high), 105.00 (psychological level) and 105.44 (Jan 2 high). On the downside, immediate supports are at 103.90 (daily low), 103.76 (Dec 23 low) and 103.43 (Dec 12 high).