- USD/JPY is having a pullback down in the bull trend as the market hit the 111.45 target level.
- USD/JPY is now re-integrating the bull channel, trading below the 50 and 100-period simple moving averages suggesting bearish pressure in the short-term.
- Supports are seen near 111.00 and the 110.75 level.
Spot rate: 111.21
Relative change: -0.07%
High: 111.50
Low: 111.12
Main trend: Bullish
Resistance 1: 111.45 August 8 high
Resistance 2: 111.54-111.64 area, August 6, high and supply/demand level
Resistance 3: 111.82-112.00 area, supply level and figure
Support 1: 111.00 figure
Support 2: 110.75, July 23 low
Support 3: 110.58 July 26 swing low
Support 4: 110.40 supply/demand level
Support 5: 110.10 August 13 swing low
Support 6: 109.91-97 area, 200 and 100-day simple moving average
Support 7: 109.37 June 25 swing low
Support 8: 109.19 June 8 low
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