“¢ After an initial dip to an intraday low level of 108.37, the pair managed to catch some fresh bids and now seems to have formed a near-term base around 200-hour SMA.
USD/JPY 1-hourly chart
-636832334221922972.png)
“¢ The momentum lifted the pair to fresh one week high, with bulls eyeing a follow-through move beyond the 109.00 handle amid a modest pickup in the USD demand.
“¢ Technical indicators on hourly charts have been gaining traction and support prospects for further up-move, though bearish oscillators on the daily chart might cap gains.
“¢ Hence, it would be prudent to wait for a sustained strength above the mentioned handle before confirming a near-term bullish breakthrough a one-week-old trading range.
4-hourly chart
-636832333572519016.png)
USD/JPY
Overview:
Today Last Price: 108.78
Today Daily change: 11 pips
Today Daily change %: 0.101%
Today Daily Open: 108.67
Trends:
Previous Daily SMA20: 109.6
Previous Daily SMA50: 111.8
Previous Daily SMA100: 112.12
Previous Daily SMA200: 111.16
Levels:
Previous Daily High: 108.78
Previous Daily Low: 108.13
Previous Weekly High: 109.09
Previous Weekly Low: 107.77
Previous Monthly High: 113.83
Previous Monthly Low: 109.55
Previous Daily Fibonacci 38.2%: 108.53
Previous Daily Fibonacci 61.8%: 108.38
Previous Daily Pivot Point S1: 108.27
Previous Daily Pivot Point S2: 107.88
Previous Daily Pivot Point S3: 107.63
Previous Daily Pivot Point R1: 108.92
Previous Daily Pivot Point R2: 109.17
Previous Daily Pivot Point R3: 109.57
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