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USD/JPY settles at 101.72/73 support

FXstreet.com (Barcelona) - The USD/JPY has been trading more statically during European trading recently, after falling hard off earlier overnight highs.

Briefing the technicals, the pair has settled at 101.72/73 in these moments, incurring a sizable plunge of -0.62%. The latest action pits the pair at support at 101.73, ahead of 101.19 level, onto 100.79. Alternatively, a movement higher will usher in resistance at 102.67, onto 103.07.

According to the Technical Analyst Team at ICN.com, “The USD/JPY’s move to the upside is still limited below Linear Regression Indicators and RSI, which tends to be negative. These catalysts are supported by stability below 102.50, therefore we hold on to our intraday negative expectations today.”

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