Current situation
After a brief consolidation during the Asian session, the price showed a short-term downward movement. Sellers were able to lower the price below $ 102.50. Quotes found support at 102.00, where the moving averages.Moving averages (50, 100 and 200) are neutral. Price is still trying to break them in order to continue the downward movement. Resistance is located at 102.50 and 101.40 in support.
The MACD indicator is located on the ground level. If the histogram will go into negative territory, it will point to the strengthening position of sellers. If the MACD will return to positive territory, control of the market will go to the sellers. RSI is in the positive zone.
Forecast USD / JPY today
The growth of the pair USD / JPY may continue in the near future. The first target will be the mark of 102.50.However, the reduction in the level of 101.40 is not excluded.
Based on materials from Fort Financial Services
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