USD/JPY Forecast: Holding below 114.00 after mixed Payrolls
|USD/JPY Current price: 113.90
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Holding below 114.00 after mixed Payrolls. The USD/JPY pair fell down to 113.47, a fresh 2-day low following the release of mixed US employment figures, with the pair retreating further from the multi-month high set this week at 114.82. Selling interest around 114.00 is keeping the upside limited, although the bearish momentum remains limited in the pair, according to the 1 hour chart, as the price is holding above a bullish 100 SMA, while technical indicators lack directional strength within neutral territory. In the 4 hours chart, the pair remains mostly neutral with the price well above a bullish 100 SMA, the RSI holding around 59, and the Momentum holding within positive territory with no clear directional strength. A recovery above 114.10 could see the pair resuming its advance and retest the mentioned high.
Support levels: 113.45 113.10 112.70
Resistance levels: 114.10 114.45 114.90
Interested in USD/JPY technicals? Check out the key levels
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