Home USD/JPY Technical Analysis: Dollar on the rise as safe haven Yen falls away, rising channel continues unabated
FXStreet News

USD/JPY Technical Analysis: Dollar on the rise as safe haven Yen falls away, rising channel continues unabated

  • Dollar extends recovery against the Yen as rising channel continues.
  • Wednesday will have traders looking towards the upcoming Fed meeting.
  • A boost for the Greenback here would send the pair back significantly into early 2018 levels.

USD/JPY Chart, 1/-Hour

110.45
Relative change: 0.09%
High: 110.54
Low: 110.33

Trend: Bullish

Support 1: 110.15 (50-hour EMA)
Support 2: 109.97 (previous day low; major psychological level)
Support 3: 109.28 (current week low)

Resistance 1: 110.54 (current week high)
Resistance 2: 111.39 (one-month high)
Resistance 3:110.78 (R1 1-Month pivot)

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.