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26 Feb 2014
USD/JPY under pressure, down to 102.10
FXStreet (San Francisco) - The USD/JPY fell to daily lows after declining from 102.40 to break 200-hour MA at 102.20 and to test lows of 102.10.
Currently, the USD/JPY is pricing at 102.17, flat on the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
USD/JPY levels
Jamie Coleman from FXBeat commented in a recent report that "Hourly uptrend comes in at 102.02. EUR/JPY is under intense pressure, weighing on USD/JPY." Below the 102.00 area, the USD/JPY would face supports at 101.70 and 101.40. On the upside, resistances are seen at 102.40, 102.60 and 102.85.
Currently, the USD/JPY is pricing at 102.17, flat on the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
USD/JPY levels
Jamie Coleman from FXBeat commented in a recent report that "Hourly uptrend comes in at 102.02. EUR/JPY is under intense pressure, weighing on USD/JPY." Below the 102.00 area, the USD/JPY would face supports at 101.70 and 101.40. On the upside, resistances are seen at 102.40, 102.60 and 102.85.