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26 Feb 2014
USD/JPY's recovery capped at 102.60
FXStreet (San Francisco) - The USD/JPY's bounce from 102.10 extended gains above the 102.50 area but it was rejected by the 102.60 key level. Now the USD/JPY is trading back around 102.40.
With 0.23% gains so far in the day, the USD/JPY's short time perspective remains slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the MACD and the Stochastic is neutral.
USD/JPY Sentiment
"Resistance at 102.60 was able top keep a lid on the USD/JPY rally and now that US equities have shed their gains and bond yields have fallen to fresh session lows at 2.67%,• comments FXBeat's analyst Jamie Coleman. "Small bids are seen at the 102.40 area on the pullback, an area we launched through at midday."
Resistances are seen at 102.60, 102.70 and 102.85. On the downside, supports are at 102.25, 102.10 and 102.00.
With 0.23% gains so far in the day, the USD/JPY's short time perspective remains slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the MACD and the Stochastic is neutral.
USD/JPY Sentiment
"Resistance at 102.60 was able top keep a lid on the USD/JPY rally and now that US equities have shed their gains and bond yields have fallen to fresh session lows at 2.67%,• comments FXBeat's analyst Jamie Coleman. "Small bids are seen at the 102.40 area on the pullback, an area we launched through at midday."
Resistances are seen at 102.60, 102.70 and 102.85. On the downside, supports are at 102.25, 102.10 and 102.00.