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3 Apr 2014
USD/JPY advances to fresh 10-week high at 104.15
FXStreet (San Francisco) - After a period of consolidation around 104.00, the US Dollar is attempting to post further gains against the Japanese Yen in the US opening bell. The USD/JPY jumped around 25 pips in the latest few minutes from 103.85 to reach fresh highest since January 23 at 104.15.
Currently, USD/JPY is trading at 104.05, up 0.15% on the day, having posted a daily high at 104.15 and low at 103.81. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
RSI is in neutral territory at 63.58, down from it’s last hourly close at 64.24, while ADX is ranging above 30 at 18.51, down from 21.92 at the
last hourly close.
Levels to Watch
If the pair manages to hold gains above 104.00, next resistances can be seen at 104.15 (Daily High) and 105.31 (Annual High). Supports can be found at 103.95 (Yesterday's High), 103.89 (Hourly 20 EMA), 103.89 (Monthly High) and 103.89 (Weekly High).
Currently, USD/JPY is trading at 104.05, up 0.15% on the day, having posted a daily high at 104.15 and low at 103.81. USD/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
RSI is in neutral territory at 63.58, down from it’s last hourly close at 64.24, while ADX is ranging above 30 at 18.51, down from 21.92 at the
last hourly close.
Levels to Watch
If the pair manages to hold gains above 104.00, next resistances can be seen at 104.15 (Daily High) and 105.31 (Annual High). Supports can be found at 103.95 (Yesterday's High), 103.89 (Hourly 20 EMA), 103.89 (Monthly High) and 103.89 (Weekly High).