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3 Jun 2014
USD/JPY still above 102, but gravitation is high
FXStreet (Moscow) - USD/JPY opened the day at 102.37, slid to 102.26, and is still thinking of going lower at the moment.
102.00 is captured
USD/JPY was finally able to cross above 102.00 and position higher, mostly due to recent Nikkei strength, but also helped by US ISM countless corrections. Today the economic calendar is practically empty with only Factory orders on the agenda. The market will most probably ignore the second-tier data, and may focus on credit and stock markets developments, thus, mild retreat to yesterday lows is not ruled out. The initial support level may lie at 101.92, and resistance comes at 102.67/
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.21, with support below at 101.92, 101.45 and 101.16 with resistance above at 102.67, 102.96, and 103.43. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.82 and the daily 20EMA at 101.86. Hourly RSI is bullish at 69.
102.00 is captured
USD/JPY was finally able to cross above 102.00 and position higher, mostly due to recent Nikkei strength, but also helped by US ISM countless corrections. Today the economic calendar is practically empty with only Factory orders on the agenda. The market will most probably ignore the second-tier data, and may focus on credit and stock markets developments, thus, mild retreat to yesterday lows is not ruled out. The initial support level may lie at 101.92, and resistance comes at 102.67/
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.21, with support below at 101.92, 101.45 and 101.16 with resistance above at 102.67, 102.96, and 103.43. Hourly Moving Averages are mostly bullish, with the 200SMA at 101.82 and the daily 20EMA at 101.86. Hourly RSI is bullish at 69.