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16 Dec 2013
USD/JPY falls below 103.00
FXstreet.com (San Francisco) - The USD/JPY was not able to hold levels above the 103.00 area and after testing 103.15 several times in the European session, the pair declined to make a short journey to 103.85.
Currently, the USD/JPY is trading at 103.00 again, 0.20% negative on the day. Short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators are mixed as Momentum is bullish but the CC is bearish and Stochastic and MACD are neutral.
USD/JPY technical levels
The USD/JPY would face resistences at 103.15, 103.35 and 103.50. On the downside, supports are at 103.85, 1.0275 and 102.60.
Currently, the USD/JPY is trading at 103.00 again, 0.20% negative on the day. Short term perspective is slightly bullish according to the FXstreet.com trend index in the 1-hour chart. Indicators are mixed as Momentum is bullish but the CC is bearish and Stochastic and MACD are neutral.
USD/JPY technical levels
The USD/JPY would face resistences at 103.15, 103.35 and 103.50. On the downside, supports are at 103.85, 1.0275 and 102.60.