USD/JPY gaining bearish momentum

FXStreet (Guatemala) - USD/JPY is trading at 103.72 having posted a daily high at 103.76 and low at 103.70.

The USD/JPY dropped to the lows on the risk aversion in markets on the latest Ukrainian developments. Valeria Bednarik, chief analyst at FXStreet, explained that in the 4 hours chart indicators gain bearish momentum, and continue to support further declines, eyeing a quick run towards 103.20 intraday support if mentioned daily low gives up.

USD/JPY support and resistance

Support levels: 103.55 103.20 102.85

Resistance levels: 104.20 104.50 104.80