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31 Mar 2014
USD/JPY taking a nose dive, target 102.85?
FXStreet (Guatemala) - USD/JPY has dived into shallower waters and is testing the 103 handle as next key support through congestion at 103.20.
JPY a bad performer
Strategists at TD Securities explained that the JPY has been the worst-performing currency over the month and finishes off the poor run with a broad under-performance.
USD/JPY Levels
The 20 DMA is 102.31, the 50 DMA is 102.39 and the 200 DMA is 100.59. RSI (14) reads 74.75. Supports are ascending from 101.99, 102.25, 102.39, 102.69, and 102.85. Spot is103.02 with resistances at 103.10, 103.25 and 103.43.
JPY a bad performer
Strategists at TD Securities explained that the JPY has been the worst-performing currency over the month and finishes off the poor run with a broad under-performance.
USD/JPY Levels
The 20 DMA is 102.31, the 50 DMA is 102.39 and the 200 DMA is 100.59. RSI (14) reads 74.75. Supports are ascending from 101.99, 102.25, 102.39, 102.69, and 102.85. Spot is103.02 with resistances at 103.10, 103.25 and 103.43.