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28 Mar 2014
USD/JPY escaped from the cage up to 102.30
FXstreet.com (Moscow) – USD/JPY broke above the upper line of the morning range reaching 102.33 high by the moment.
And out of the ranges
The pair was fueled by the broad US Dollar strength against the major currencies. USD/JPY spent the morning within 102.03-102.24 range, but the rising demand on the American currency helped to break above the upper line, and move up towards the nearest resistance at 102.52. The pair is trading at 102.30 area at the moment, and the pair may get the additional support from the coming US releases. Another evidence of recovery in the largest economy of the world may fuel the rally above the mentioned resistance with initial target at 102.85.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.12, with support below at 101.78, 101.38 and 101.05 with resistance above at 102.52, 102.85, and 103.25. Hourly Moving Averages are mixed, with the 200SMA at 102.11 and the daily 20EMA at 102.23. Hourly RSI is neutral at 50.
And out of the ranges
The pair was fueled by the broad US Dollar strength against the major currencies. USD/JPY spent the morning within 102.03-102.24 range, but the rising demand on the American currency helped to break above the upper line, and move up towards the nearest resistance at 102.52. The pair is trading at 102.30 area at the moment, and the pair may get the additional support from the coming US releases. Another evidence of recovery in the largest economy of the world may fuel the rally above the mentioned resistance with initial target at 102.85.
What are today’s key USD/JPY levels?
Today's central pivot point can be found at 102.12, with support below at 101.78, 101.38 and 101.05 with resistance above at 102.52, 102.85, and 103.25. Hourly Moving Averages are mixed, with the 200SMA at 102.11 and the daily 20EMA at 102.23. Hourly RSI is neutral at 50.