Safe haven currency in OctaFX spotlight: USD/JPY is waiting for a better chance to break above 103.00 FXStreet (Moscow) - USD/JPY has recovered from the Asian low of 102.73 and stopped marginally below 103.00 resistance as market has fell asleep before NFP Time to stay and stare USD/JPY consolidates below 103.00 pivot and it may take some time to crack this resistance, but the market has definitely turned bullish on USD/JPY. From the technical point of view we need a weekly close above 102.80 to confirm this view. Now investors can hardly thing of anything except Non Farm Payrolls numbers, thus the redo to European session is going to be calm. Keep an eye at 103.00 resistance, it might be regarded by sell on rally entry point for short-term intraday traders. The downside is likely to be limited by 102.50 support. What are today’s key USD/JPY levels? Todays central pivot point can be found at 102.84, with support below at 102.67, 102.54 and 102.37 with resistance above at 102.96, 103.13, and 103.26. Hourly Moving Averages are bullish, with the 200SMA bullish at 101.94 and the daily 20EMA bullish at 101.90. Hourly RSI is bullish at 60. EUR/JPY stopped short at 137.80 resistance; triggers are wanted FXStreet (Moscow) - EUR/JPY has frozen to the opening level of 137.75, intraday movements are limited by depressing 11-pips range Indecision is the word EUR/JPY is not much of a mover a lately. Having reached the resistance area of 137.80/90, the cross entered into consolidation phase as markets are getting ready for US Non Farm Payrolls report notorious for wild currency swings. Risk sentiments have deteriorated lately as Argentina debt problems coupled with Portugal BES saga and more sanctions for Russian economy made investors wary of buying EUR in crosses and supported EUR/JPY despite JPY weakening against USD. From the technical point of view the key levels to watch are 137.80/90 on the upside and 137.50 on the downside What are today’s key EUR/JPY levels? Todays central pivot point can be found at 137.68, with support below at 137.48, 137.31 and 137.11, with resistance above at 138.85, 139.05, and 139.22. Hourly Moving Averages are mixed with the 200SMA bullish at 137.03 and the daily 20EMA flat at 137.53. Hourly RSI is bullish at 64.
Posted on: Fri, 01 Aug 2014 09:17:01 +0000
Trending Topics
Recently Viewed Topics
© 2015