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USD/JPY comes with a potential positive bias - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet suggested that the USD/JPY has no aims of extending its latest gains.

Key Quotes:

“In the short term, the hourly chart shows 100 and 200 SMAs both at 102.30 offering immediate short term support, while indicators turned lower below their midlines, keeping the upside limited”.

“In the 4 hours chart indicators maintain a positive tone, which can support an advance up to 102.80 price zone”.

“Support levels: 102.30 101.95 101.60”.

“Resistance levels: 102.80 103.10 103.45”.

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