Forex forecast

USD/JPY Current price: 102.13

17.04.2014 18:45:58

a The USD/JPY lost some ground over Asian hours, finding intraday support around 101.90, Fibonacci level and 100 SMA in the hourly chart. Indicators in the mentioned time frame head higher in neutral territory, while price develops below yesterday’s high, reflecting the little interest around the pair today. In the 4 hours chart the technical bias is still bullish, albeit 102.60 will probably contain de upside in case of recoveries. 

Support levels: 102.00 101.55 101.20 

Resistance levels: 102.35 102.60 102.95