18 Feb 2014
USD/JPY lost momentum, and slid to 102.30 area
FXstreet.com (Moscow) – After speedy rush higher to 102.74 USD/JPY bumped into seller’s interest, and slid down to 102.30 at the moment.
USD/JPY tripped over 102.70
The BOJ's changes in lending program triggered the yen sell-off initially, though the USD/JPY rally was not sustained as the pair tripped over the 102.70 area, and dived back to 102.30 region. However, the buyers’ interest is rumored around 102.25, thus the further downside of the pair is limited, with the possibility of consolidation within narrower ranges 102.30-102.70.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.77, with support below at 101.55, 101.15 and 100.93, with resistance above at 102.17, 102.39, and 102.79. Hourly Moving Averages are mixed, with the 200SMA at 102.05 and the daily 20EMA at 102.48. Hourly RSI is neutral at 54.
USD/JPY tripped over 102.70
The BOJ's changes in lending program triggered the yen sell-off initially, though the USD/JPY rally was not sustained as the pair tripped over the 102.70 area, and dived back to 102.30 region. However, the buyers’ interest is rumored around 102.25, thus the further downside of the pair is limited, with the possibility of consolidation within narrower ranges 102.30-102.70.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.77, with support below at 101.55, 101.15 and 100.93, with resistance above at 102.17, 102.39, and 102.79. Hourly Moving Averages are mixed, with the 200SMA at 102.05 and the daily 20EMA at 102.48. Hourly RSI is neutral at 54.