Home USD/JPY Technical Analysis: Make-or-Break situation as the Greenback trades in a 40 pip range against JPY
FXStreet News

USD/JPY Technical Analysis: Make-or-Break situation as the Greenback trades in a 40 pip range against JPY

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs).

USD/JPY 4-hour chart

  • USD/JPY is trading below its 200 SMA but above a rising 50 SMA and a flat 100 SMA.  

USD/JPY 30-minute chart

  • USD/JPY is trading in a sideways trend as the SMAs are coiled together.  
  • It is a make-or-break situation where bulls would need a break above 109.80 resistance and bears a break below the 109.40 support.  
  • A break below 109.40 could lead to a move down to the 109.00 figure.  

Additional key levels

USD/JPY

Overview:
       Today Last Price:  109.58
       Today Daily change:  -3  pips
       Today Daily change %:  -0.03%
       Today Daily Open:  109.61
Trends:
       Daily SMA20:  109.09
       Daily SMA50:  111.29
       Daily SMA100:  112.01
       Daily SMA200:  111.23
Levels:
       Previous Daily High:  110
       Previous Daily Low:  109.32
       Previous Weekly High:  109.9
       Previous Weekly Low:  107.99
       Previous Monthly High:  113.83
       Previous Monthly Low:  109.55
       Daily Fibonacci 38.2%:  109.74
       Daily Fibonacci 61.8%:  109.58
       Daily Pivot Point S1:  109.29
       Daily Pivot Point S2:  108.97
       Daily Pivot Point S3:  108.61
       Daily Pivot Point R1:  109.97
       Daily Pivot Point R2:  110.33
       Daily Pivot Point R3:  110.65

 

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.