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18 Apr 2014
USD/JPY glued to opening levels
FXStreet (Córdoba) - After reaching a fresh 10-day high during the Asian session, the USD/JPY pulled back and settled around its daily opening levels, where it has spent the last hours.
The USD/JPY retreated from a high of 102.56 and entered a consolidative phase amid low volume given that most financial markets remain closed for the Easter weekend. At time of writing, the USD/JPY is trading at the 102.38, virtually unchanged since opening.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate resistances at 102.56 (Apr 18 high), 102.89 (100-day SMA) and 103.00 (psychological level). On the flip side, supports could be found at 102.34 (Apr 18 low), 102.00(psychological level) and 101.85 (Apr 17 low).
The USD/JPY retreated from a high of 102.56 and entered a consolidative phase amid low volume given that most financial markets remain closed for the Easter weekend. At time of writing, the USD/JPY is trading at the 102.38, virtually unchanged since opening.
USD/JPY technical levels
In terms of technical levels, the USD/JPY could find immediate resistances at 102.56 (Apr 18 high), 102.89 (100-day SMA) and 103.00 (psychological level). On the flip side, supports could be found at 102.34 (Apr 18 low), 102.00(psychological level) and 101.85 (Apr 17 low).