On Monday, the USD/JPY decreased with 130 pips. The currency couple depreciated from 103.25 to 101.93 yesterday, matching the negative money flow sentiment at around -15% and closing the day at 102.22. The dollar is trading quietly against the yen this morning, with movements within yesterday's range for now.
The upward channel has slowed down on the 1 hour chart, while the upward channel is looking good on the 3 hour chart. A break above yesterday's top and nearest resistance 103.25 would encourage further recovery of the dollar. Immediate support is yesterday's bottom at 101.93, and a consistent break below it could strengthen the Yen further down towards the next target of 101.05.
Data due today: Japan All industry index and Trade balance, at 4:30 and 23:50 GMT respectively.
Quotes are moving above the crossing and close to 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is positive and calm. The MACD is thinly positive and tranquil too, while the CCI has crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 103.25 104.15 104.04
Technical support levels: 101.93 101.05 100.24
Today so far +10 pips profit/loss on USD/JPY today from the following sent to clients only signal:
9:28 GMT+1 Buy USD/JPY at 102.74 SL 102.48 TP 103.24, exit sent at 9:31 GMT+1.
Today so far +131, yesterday +64, as shown at our web site. Have a great day!
USD/JPY Chart" title="USD/JPY Chart">
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Polski
- Português (Portugal)
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
USD/JPY Holds Steady Just Below 103
Published 05/21/2013, 05:35 AM
Updated 01/01/2017, 02:20 AM
USD/JPY Holds Steady Just Below 103
USD/JPY Open 102.11 High 103.25 Low 101.93 Close 102.22
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.