12 March 2014, 17:51  The US Dollar trades in consolidation mode against the Japanese Yen

The US Dollar is trading in consolidation mode against the Japanese Yen following the latest bearish movement from the 103.10 traded overnight to test intraday lows around 102.63. The USD/JPY is currently trading at 102.70, 0.35% negative on the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral. Below the 102.60, the USD/JPY would face support at 102.50, 103.30 and 102.12. On the upside, the pair would see resistances at 102.80, 103.00 and 103.40.

© 1999-2024 Forex EuroClub
All rights reserved