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25 Feb 2014
USD/JPY has not chosen the direction
FXstreet.com (Moscow) – USD/JPY spent the morning consolidating around 102.50 level, but notched down to 102,34 at the European open.
USD/JPY will be happy with everything
Nikkei closed 1,44% at 15,051.60, thus having minimal impact on the currency moves. USD/JPY is confined to 40-pip range, but still is looking for every opportunity to go higher. The disappointments from US data no longer do any harm to USD, as everybody put up with the weather factor. Nevertheless, every positive development from America may trigger sharp waves of interest to the currency. Thus, if the scheduled for release US CB Consumer Confidence Index surprise to the upside, it may bring the pair back to 103.00 area with initial target at 102.98 resistance level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.44, with support below at 102.18, 101.89 and 101.63, with resistance above at 102.72, 102.98, and 103.27. Hourly Moving Averages are mostly bullish, with the 200SMA at 102.20 and the daily 20EMA at 102.44. Hourly RSI is neutral at 51.
USD/JPY will be happy with everything
Nikkei closed 1,44% at 15,051.60, thus having minimal impact on the currency moves. USD/JPY is confined to 40-pip range, but still is looking for every opportunity to go higher. The disappointments from US data no longer do any harm to USD, as everybody put up with the weather factor. Nevertheless, every positive development from America may trigger sharp waves of interest to the currency. Thus, if the scheduled for release US CB Consumer Confidence Index surprise to the upside, it may bring the pair back to 103.00 area with initial target at 102.98 resistance level.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.44, with support below at 102.18, 101.89 and 101.63, with resistance above at 102.72, 102.98, and 103.27. Hourly Moving Averages are mostly bullish, with the 200SMA at 102.20 and the daily 20EMA at 102.44. Hourly RSI is neutral at 51.