Home USD/JPY Technical Analysis: Greenback hammered down 112.20 as Wall Street bears own the market – 112.60 bull target
FXStreet News

USD/JPY Technical Analysis: Greenback hammered down 112.20 as Wall Street bears own the market – 112.60 bull target

USD/JPY daily chart

  • USD/JPY is in a bull trend above the 200-day simple moving average (SMA).
  • USD/JPY found some support at the 100 SMA.  
  • Safe haven Yen was in demand as US indices are trading down.

USD/JPY 4-hour chart

  • USD/JPY is trading below its main SMAs.  
  • USD/JPY is testing November lows at the 112.20 level.  

USD/JPY 30-minute chart

  • As USD/JPY created a 5-wave pattern, bulls might find support at 112.20.  
  • The next bullish target is seen at 112.60.  

Additional key levels

USD/JPY

Overview:
       Today Last Price:  112.36
       Today Daily change:  -86  pips
       Today Daily change %:  -0.760%
       Today Daily Open:  113.22
Trends:
       Previous Daily SMA20:  113.35
       Previous Daily SMA50:  113.09
       Previous Daily SMA100:  112.25
       Previous Daily SMA200:  110.52
Levels:
       Previous Daily High:  113.24
       Previous Daily Low:  112.65
       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%:  113.02
       Previous Daily Fibonacci 61.8%:  112.88
       Previous Daily Pivot Point S1:  112.83
       Previous Daily Pivot Point S2:  112.44
       Previous Daily Pivot Point S3:  112.24
       Previous Daily Pivot Point R1:  113.43
       Previous Daily Pivot Point R2:  113.63
       Previous Daily Pivot Point R3:  114.02

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.