Home USD/JPY Technical Analysis: Greenback currently capped by 111.50 key resistance

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USD/JPY Technical Analysis: Greenback currently capped by 111.50 key resistance

FX Street

Published date: 2 Apr. 2019 | 17:32

USD/JPY daily chart

USD/JPY is consolidating just below the 111.50 resistance and the 200-day simple moving average (SMA).

USD/JPY 4-hour chart

USD/JPY is trading above its main SMAs suggesting a bullish bias in the medium-term.

USD/JPY 30-minute chart

USD/JPY is trading above its 100 and 200 SMAs suggesting a bullish bias in the short-term.
The key level the beat for bulls is 111.50 resistance. The next resistance is seen at the 111.80 level.
Looking down, immediate support is at 111.00 and 110.70 level.

Additional key levels

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