Home USD/JPY Technical Analysis: Greenback losing steam below 114.00 against the Japanese Yen as 113.55 level can be next
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USD/JPY Technical Analysis: Greenback losing steam below 114.00 against the Japanese Yen as 113.55 level can be next

  • USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart.
  • USD/JPY rejected the 114.00 level and is now consolidating the recent advances below the level.  
  • Technical indicators are also decelerating suggesting that a pullback down to 11.55 can be on the cards.  

USD/JPY 4-hour chart

Main trend:               Bullish

Resistance 1:    114.00 figure
Resistance 2:    114.57 October high
Resistance 3:    115.00 figure

Support 1:    113.55 October 2 low
Support 2:    113.00 figure
Support 3:    112.55 September 27 low
Support 4:    112.00-112.17 zone, figure and August 1 swing high
Support 5:    111.00 figure
Support 6:    110.35 September Low
Support 7:    109.75 August low

 
Additional key levels at a glance:

USD/JPY

Overview:
       Last Price:  113.78
       Daily change:  -1.0  pips
       Daily change:  -0.00879%
       Daily Open:  113.79
Trends:
       Daily SMA20:  112.78
       Daily SMA50:  112.58
       Daily SMA100:  111.87
       Daily SMA200:  110.04
Levels:
       Daily High:  114.1
       Daily Low:  113.64
       Weekly High:  114.1
       Weekly Low:  112.94
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.82
       Daily Fibonacci 61.8%:  113.92
       Daily Pivot Point S1:  113.59
       Daily Pivot Point S2:  113.38
       Daily Pivot Point S3:  113.13
       Daily Pivot Point R1:  114.05
       Daily Pivot Point R2:  114.3
       Daily Pivot Point R3:  114.51

 

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