Back
11 Aug 2014
USD/JPY managed to settle above 102.00 …so far
FXStreet (Moscow) - USD/JPY settled above 102.00, adding just ten pips during the Asia.
Rumors and risks
The pair managed to recover part of the losses by the end of the week trading just a pip above 102.00, and this is a good sign the USD may try to regain popularity during the coming days. The geopolitical risks are the key factors of influence on the pair, thus, the market may pay attention to situation in Iraq and at the Ukraine border. Any rumors on possible airstrikes at Iraq militants, or any news on Russia gathering troops at the borders may put the pair under pressure again with initial target at 101.64 support.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.90, with support below at 101.64, 101.24 and 100.98 with resistance above at 102.29, 102.55, and 102.95. Hourly Moving Averages are mixed, with the 200SMA bearish at 102.44 and the daily 20EMA flat at 102.07. Hourly RSI is bullish at 61.
Rumors and risks
The pair managed to recover part of the losses by the end of the week trading just a pip above 102.00, and this is a good sign the USD may try to regain popularity during the coming days. The geopolitical risks are the key factors of influence on the pair, thus, the market may pay attention to situation in Iraq and at the Ukraine border. Any rumors on possible airstrikes at Iraq militants, or any news on Russia gathering troops at the borders may put the pair under pressure again with initial target at 101.64 support.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 101.90, with support below at 101.64, 101.24 and 100.98 with resistance above at 102.29, 102.55, and 102.95. Hourly Moving Averages are mixed, with the 200SMA bearish at 102.44 and the daily 20EMA flat at 102.07. Hourly RSI is bullish at 61.