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30 Jun 2014
USD/JPY wrap; Negative territory - FXStreet
FXStreet (Guatemala) -Valeria Bednarik, chief analyst at FXStreet explained the conditions around the USD/JPY as we started to wrap up the Us session.
Key Quotes:
“USD/JPY reached 101.20 support area, but so far remains unable to break below it, albeit has spent most of the last 2 session trading a few pips above it”.
“The hourly chart shows moving averages gaining bearish slope above current price, with 100 one now around 101.60 offering immediate intraday resistance, as indicators head lower from around their midlines”.
“In the 4 hours chart technical readings are biased lower in negative territory, with a break below mentioned support pointing for a quick test of 100.70 price zone, this year lows”.
Key Quotes:
“USD/JPY reached 101.20 support area, but so far remains unable to break below it, albeit has spent most of the last 2 session trading a few pips above it”.
“The hourly chart shows moving averages gaining bearish slope above current price, with 100 one now around 101.60 offering immediate intraday resistance, as indicators head lower from around their midlines”.
“In the 4 hours chart technical readings are biased lower in negative territory, with a break below mentioned support pointing for a quick test of 100.70 price zone, this year lows”.