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Trading news
21 Apr 2015
USD/JPY retreats from weekly highs
FXStreet (Córdoba) - USD/JPY pulled back from 1-week highs and settled around 119.50 over the last hours as the greenback lost momentum after a short-lived spike.
USD/JPY reached a high of 119.82 but the dollar failed to hold at highs and retreated toward the 119.40 area before the 20-hour SMA offered support. USD/JPY has steadied in a slim range centered at 119.50 during the afternoon session in America and it was last trading at 119.55, still up 0.3% on the day.
USD/JPY technical levels
As for technical levels, immediate resistances are seen at 119.82 (daily high) and 120.00 (psychological level), while supports could be found at 119.10 (100-hour SMA) and 118.52 (Apr 20 low).
USD/JPY reached a high of 119.82 but the dollar failed to hold at highs and retreated toward the 119.40 area before the 20-hour SMA offered support. USD/JPY has steadied in a slim range centered at 119.50 during the afternoon session in America and it was last trading at 119.55, still up 0.3% on the day.
USD/JPY technical levels
As for technical levels, immediate resistances are seen at 119.82 (daily high) and 120.00 (psychological level), while supports could be found at 119.10 (100-hour SMA) and 118.52 (Apr 20 low).