Home USD/JPY Technical Analysis: The 109.20 bull target is hit and exceeded as USD bulls roar back post-NFP
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USD/JPY Technical Analysis: The 109.20 bull target is hit and exceeded as USD bulls roar back post-NFP

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.
  • The US nonfarm payrolls (NFP) in January smashed expectations with 304K vs. 165K forecast.
  • As forecast, USD/JPY rallied up and the 109.20 target has been achieved.  

USD/JPY 4-hour chart

  • USD/JPY is testing the 200 SMA.  


USD/JPY 30-minute chart

  • USD/JPY staged an incredible recovery blasting through all SMAs to the upside.  
  • The level to beat for bulls is 109.50, if broken, then 109.90 and 110.10 come into play.  
  • On the way down, support is seen at 109.20, 108.90 and the 108.70 level.

Additional key levels

USD/JPY

Overview:
       Today Last Price:  109.44
       Today Daily change:  52  pips
       Today Daily change %:  0.48%
       Today Daily Open:  108.92
Trends:
       Daily SMA20:  109.01
       Daily SMA50:  110.85
       Daily SMA100:  111.89
       Daily SMA200:  111.26
Levels:
       Previous Daily High:  109.08
       Previous Daily Low:  108.5
       Previous Weekly High:  110
       Previous Weekly Low:  109.14
       Previous Monthly High:  110
       Previous Monthly Low:  104.75
       Daily Fibonacci 38.2%:  108.72
       Daily Fibonacci 61.8%:  108.86
       Daily Pivot Point S1:  108.58
       Daily Pivot Point S2:  108.24
       Daily Pivot Point S3:  107.99
       Daily Pivot Point R1:  109.17
       Daily Pivot Point R2:  109.42
       Daily Pivot Point R3:  109.76

 

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