- The USD/JPY is currently trading at 112.58, having clocked a low of 112.40 earlier today.
- Both hourly and the 4-hour chart is showing a bullish divergence of the relative strength index (RSI). Notably, the bullish divergence on the RSI has been carved out at the key support of 112.47 – 61.8 percent Fibonacci retracement of 111.38/114.23.
- As a result, the pair could revisit the 50-day simple moving average (SMA) hurdle of 112.86.
- The broader outlook remains bearish while the pair is trading below the descending 10-day SMA, currently at 113.42.
Hourly Chart
USD/JPY
Overview:
Last Price: 112.6
Daily change: 5.0 pips
Daily change: 0.0444%
Daily Open: 112.55
Trends:
Daily SMA20: 113.07
Daily SMA50: 112.84
Daily SMA100: 112.05
Daily SMA200: 110.16
Levels:
Daily High: 112.89
Daily Low: 112.42
Weekly High: 114.22
Weekly Low: 112.64
Monthly High: 114.56
Monthly Low: 111.38
Daily Fibonacci 38.2%: 112.6
Daily Fibonacci 61.8%: 112.71
Daily Pivot Point S1: 112.34
Daily Pivot Point S2: 112.14
Daily Pivot Point S3: 111.87
Daily Pivot Point R1: 112.82
Daily Pivot Point R2: 113.09
Daily Pivot Point R3: 113.29
Share
