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27 Jan 2014
USD/JPY falls below 104.50 following US housing data
FXstreet.com (San Francisco) - After testing the 102.90 area in the opening bell, the USD/JPY was rejected by this level and it declined to trade below the 102.50 area.
Currently, the USD/JPY is trading at 102.40, still 0.16% positive on the day. The short term perspective is now slightly bearish according to the FXStreet's trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.
USD/JPY levels
If the pair remains below the 102.50, the USD/JPY would have supports at 102.30 and 101.80. On the upside, the USD/JPY will face resistances at 102.90, 103.55 and 103.90.
Currently, the USD/JPY is trading at 102.40, still 0.16% positive on the day. The short term perspective is now slightly bearish according to the FXStreet's trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.
USD/JPY levels
If the pair remains below the 102.50, the USD/JPY would have supports at 102.30 and 101.80. On the upside, the USD/JPY will face resistances at 102.90, 103.55 and 103.90.