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FxWirePro: USD/JPY slips from day's high, strong resistance seen at 120.75 (200 DMA)

Thursday, September 3, 2015 5:56 AM UTC

Investors tentatively stepped back into equities, tempering demand for the Japanese Yen
The dollar climbed against the yen on Thursday to day's high by 120.69, strong resistance seen at 120.75 (200 DMA)
USD/JPY is currently trading at 120.43, with immediate resistance at 120.72 (Kijun-Sen) and support on the downside at 119.70 (61.8% Fibo 116.15-121.76)
Continued Chinese market closure on Friday to reduce volatility in the region's financial markets ahead of the closely watched U.S. non-farm payrolls report due that day

Resistance Levels:

R1: 120.72 (Kijun-Sen)

R2: 120.75 (200 DMA)

R3: 120.91 (Hourly High Sep 1)

Support Levels:

S1: 119.70 (61.8% Fibo 116.15-121.76)

S2: 119.23 (Daily Low Sep 2)

S3: 119.00 (Psychological Level)

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FxWirePro: USD/JPY slips from day's high, strong resistance seen at 120.75 (200 DMA)

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