Further weakness in USD/JPY should meet contention in the 102.60 area, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “USD closed little changed last Thursday (31 Dec) but weakened after opening this morning. Downward momentum is showing sign of improving and the bias is tilted to the downside. That said, 102.85 is a solid support and this level is unlikely to yield so easily (next support is at 102.60). Resistance is at 103.25 but the stronger level is at 103.45.” Next 1-3 weeks: “USD traded between 102.86 and 103.89 for the past two weeks or so. While downward momentum has improved somewhat and the risk of a break of 102.86 has increased, any weakness is likely limited to 102.60. On the upside, a break of 103.65 would indicate that the current mild downward pressure has eased.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD: Bulls defend 0.7700 amid US dollar pullback, ahead of ISM FX Street 1 year Further weakness in USD/JPY should meet contention in the 102.60 area, suggested FX Strategists at UOB Group. Key Quotes 24-hour view: “USD closed little changed last Thursday (31 Dec) but weakened after opening this morning. Downward momentum is showing sign of improving and the bias is tilted to the downside. That said, 102.85 is a solid support and this level is unlikely to yield so easily (next support is at 102.60). Resistance is at 103.25 but the stronger level is at 103.45.” Next 1-3 weeks: “USD traded between 102.86 and 103.89 for the past two weeks or so. While downward… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
