- USD/JPY is trading in a bull trend above its 200-period simple moving average (SMA) ahead of the US mid-term elections.
- USD/JPY is trading in a tight range just below 113.55 resistance. Failure to break above the level accompanied by an overbought reading on the Stochastic indicator can lead to a pullback down to 113.00 and 112.50 if the bears have enough fuel.
- A break above 113.50 would open the doors to 114.00 figure.
USD/JPY 4-hour chart
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Main trend: Bullish
Resistance 1: 113.55 October 2 low
Resistance 2: 114.00 figure
Resistance 3: 114.57 October high
Support 1: 113.00 figure
Support 2: 112.55 September 27 low
Support 3: 112.00-112.17 zone, figure and August 1 swing high
Support 4: 111.00 figure
Support 5: 110.35 September Low
Support 6: 109.75 August low
Additional key levels at a glance:
USD/JPY
Overview:
Last Price: 113.22
Daily change: 3.0 pips
Daily change: 0.0265%
Daily Open: 113.19
Trends:
Daily SMA20: 112.52
Daily SMA50: 112.34
Daily SMA100: 111.7
Daily SMA200: 109.93
Levels:
Daily High: 113.34
Daily Low: 112.56
Weekly High: 113.4
Weekly Low: 111.78
Monthly High: 114.56
Monthly Low: 111.38
Daily Fibonacci 38.2%: 113.04
Daily Fibonacci 61.8%: 112.85
Daily Pivot Point S1: 112.72
Daily Pivot Point S2: 112.24
Daily Pivot Point S3: 111.93
Daily Pivot Point R1: 113.5
Daily Pivot Point R2: 113.81
Daily Pivot Point R3: 114.29
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