23 Jul 2014
USD/JPY rises above 101.50
FXStreet (Córdoba) - The USD/JPY gained momentum and rose in the last hour from 101.35 to 101.53, erasing losses. The Japanese currency weakened across the board as stocks in Wall Street turned to the upside.
USD/JPY up for the day
During the European session bottomed at 101.30, a 2-day low, then managed to stabilized and made a bullish run, approaching daily highs that lie at 101.54.
Recent movement pushed the pair above yesterday’s closing price and is now headed toward the third daily gain in a row. Currently trades at 101.51, slightly below the 20-day SMA, that stands around 101.55. Above here the next resistance could be located at 101.80 (july 16 high).
USD/JPY up for the day
During the European session bottomed at 101.30, a 2-day low, then managed to stabilized and made a bullish run, approaching daily highs that lie at 101.54.
Recent movement pushed the pair above yesterday’s closing price and is now headed toward the third daily gain in a row. Currently trades at 101.51, slightly below the 20-day SMA, that stands around 101.55. Above here the next resistance could be located at 101.80 (july 16 high).