USD/JPY fails to extend gains above 102.50 which is stiff resistance (10-DMA).
Markets sentiment appears to have soured after mixed Chinese datasets.
Downside remains cushioned as the greenback remains strong near fresh weekly tops reached post-NFP report.
Support on the downside seen at 5-DMA by 101.82, 101.56 (June 28 low) and then 101.
Break above 10-DMA at 102.50 finds next major hurdle at 104.04 (20-DMA).
Good to go long on brekaout above 102.50, SL: 101.80, TP: 102.83/ 103/ 103.40/ 104
Markets sentiment appears to have soured after mixed Chinese datasets.
Downside remains cushioned as the greenback remains strong near fresh weekly tops reached post-NFP report.
Support on the downside seen at 5-DMA by 101.82, 101.56 (June 28 low) and then 101.
Break above 10-DMA at 102.50 finds next major hurdle at 104.04 (20-DMA).
Good to go long on brekaout above 102.50, SL: 101.80, TP: 102.83/ 103/ 103.40/ 104