Home USD/JPY Technical Analysis: Seeing fresh bidding, climbing over key Fibo level
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USD/JPY Technical Analysis: Seeing fresh bidding, climbing over key Fibo level

  • USD/JPY is pinning into Friday highs in early trading, clipping 108.40 as the Greenback recovers against the safe haven Yen.

USD/JPY, 5-Minute

  • Despite Friday’s continued recovery from Thursday’s risk-off plunge, the Dollar-Yen pairing remains firmly bearish in the near-term, holding below key levels with declining resistance from the 200-period moving average near 109.20.

USD/JPY, 30-Minute

  • In the medium-term, USD/JPY has lifted past the 38.2% Fibo level, and now sits ready for a run into the  61.8% Fibo level at 110.26, a confluence level with the pair’s last swing low.

USD/JPY, 4-Hour

USD/JPY

Overview:
       Today Last Price:  108.39
       Today Daily change:  87  pips
       Today Daily change %:  0.809%
       Today Daily Open:  107.52
Trends:
       Previous Daily SMA20:  111.45
       Previous Daily SMA50:  112.5
       Previous Daily SMA100:  112.3
       Previous Daily SMA200:  111.09
Levels:
       Previous Daily High:  109.12
       Previous Daily Low:  104.75
       Previous Weekly High:  111.41
       Previous Weekly Low:  110
       Previous Monthly High:  113.83
       Previous Monthly Low:  109.55
       Previous Daily Fibonacci 38.2%:  106.42
       Previous Daily Fibonacci 61.8%:  107.45
       Previous Daily Pivot Point S1:  105.14
       Previous Daily Pivot Point S2:  102.75
       Previous Daily Pivot Point S3:  100.76
       Previous Daily Pivot Point R1:  109.52
       Previous Daily Pivot Point R2:  111.51
       Previous Daily Pivot Point R3:  113.89

 

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