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12 Aug 2014

USD/JPY upside limited below if 102/30/40

FXStreet (Guatemala) - USD/JPY is trading at 102.19, down -0.01% on the day, having posted a daily high at 102.21 and low at 102.15.

USD/JPY is stuck in a range and the market is waking up to that after a number of weeks calling for break outs one way or another.
Valeria Bednarik, chief analyst at FXStreet, explains as a new day starts, the hourly chart shows price struggling around a bearish 100 SMA while indicators stand flat in neutral territory. “In the 4 hours chart price has managed to hold above its moving averages, but indicators maintain also a neutral stance. Sellers stand in the 102.30/40 area, and unless a clear break above it, the upside will remain limited”.

USD/JPY Support / Resistance Levels

Support levels: 101.95 101.60 101.20

Resistance levels: 102.35 102.80 103.10
Aug 12, 2014

Obama: US forces successfully carried out airstrikes in Iraq

US President Barack Obama is speaking about the latest developments in Iraq at a press conference, saying - via Reuters - that US forces have successfully carried out airstrikes in Iraq, also adding that US has stepped up military advice to Iraqis and Kurds, and that they keep working with international partners to bring those stranded on mountains to safety.
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Aug 12, 2014

EUR/USD bears look for below 1.3370 - FXStreet

Valeria Bednarik, chief analyst at FXStreet concluded that Monday left leaving as usual a bitter taste on the mouth of forex trading, with majors practically unchanged.
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