Home USD/JPY Technical Analysis: Quick drop into 113.00 reveals firm support
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USD/JPY Technical Analysis: Quick drop into 113.00 reveals firm support

  • The Dollar-Yen pair is steeply off of this week’s early levels, dropping into the 113.00 handle in early Tuesday action after slipping from Monday’s range around the 113.50 zone.

USD/JPY, 5-Minute

  • The 113.40 region could prove to be a critical near-term level, as a retest of the area could confirm a bearish break of a rough descending triangle, and continued downside pressure remains limited with the 113.00 handle acting as firm resistance-turned-support over the past couple of weeks.

USD/JPY, 30-Minute

  • In the medium-term, USD/JPY remains trapped within a sideways triangle, and lack of directional bias leaves the pair strung up on the 200-hour moving average, which will continue to act more like a magnet than a support-resistance level until a major trend break is made.

USD/JPY, 4-Hour

USD/JPY

Overview:
       Today Last Price:  113.08
       Today Daily change:  -58  pips
       Today Daily change %:  -0.510%
       Today Daily Open:  113.66
Trends:
       Previous Daily SMA20:  113.4
       Previous Daily SMA50:  113.08
       Previous Daily SMA100:  112.25
       Previous Daily SMA200:  110.46
Levels:
       Previous Daily High:  113.83
       Previous Daily Low:  113.37
       Previous Weekly High:  114.04
       Previous Weekly Low:  112.88
       Previous Monthly High:  114.25
       Previous Monthly Low:  112.3
       Previous Daily Fibonacci 38.2%:  113.55
       Previous Daily Fibonacci 61.8%:  113.65
       Previous Daily Pivot Point S1:  113.41
       Previous Daily Pivot Point S2:  113.17
       Previous Daily Pivot Point S3:  112.96
       Previous Daily Pivot Point R1:  113.87
       Previous Daily Pivot Point R2:  114.07
       Previous Daily Pivot Point R3:  114.32

 

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