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16 Oct 2014
USD/JPY holding in negative territory
FXStreet (Guatemala) - USD/JPY is trading at 105.76, down -0.14% on the day, having posted a daily high at 106.11 and low at 105.76.
USD/JPY is settled in the vicinity of the 106 handle, although soft risk sentiment is casting a dark cloud over the pair still and trades in negative territory in Tokyo. The US session was not kind to the pair and was pretty much a one-way story. USD/JPY dropped through the supporting 107 handle and bouncing back from 105.19 into the 106 territory and resisted at 106.40 before supply came in back onto 106 where resistance keeps any attempts of a come back contained at 106.20 currently.
USD/JPY noteworthy levels
Spot is presently trading at 105.78, and next resistance can be seen at 105.92 (Daily Open), 106.01 (Weekly Classic S2), 106.06 (Daily Classic S3) and 106.36 (Daily Classic S2). Support below can be found at 105.76, 105.20, 104.49 (Weekly Classic S3), 103.95 (Daily 100 SMA) and 103.21 (Daily 200 SMA).
USD/JPY is settled in the vicinity of the 106 handle, although soft risk sentiment is casting a dark cloud over the pair still and trades in negative territory in Tokyo. The US session was not kind to the pair and was pretty much a one-way story. USD/JPY dropped through the supporting 107 handle and bouncing back from 105.19 into the 106 territory and resisted at 106.40 before supply came in back onto 106 where resistance keeps any attempts of a come back contained at 106.20 currently.
USD/JPY noteworthy levels
Spot is presently trading at 105.78, and next resistance can be seen at 105.92 (Daily Open), 106.01 (Weekly Classic S2), 106.06 (Daily Classic S3) and 106.36 (Daily Classic S2). Support below can be found at 105.76, 105.20, 104.49 (Weekly Classic S3), 103.95 (Daily 100 SMA) and 103.21 (Daily 200 SMA).