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  • USD/JPY trades around 111.00 during initial Asian trading on Tuesday.
  • The pair registered flash 2019 high on Monday and is positive so far during today.
  • The 14-day relative strength index (RSI) is gradually increasing and optimism surrounding the US-China trade deal may help the pair to extend its upside momentum.
  • However, the 111.30/40 region, comprising 200-day simple moving average (SMA) and highs marked during late-December coupled with October lows, could become crucial resistance for the bulls to conquer.
  • Should the pair crosses 111.40, 111.60 and 111.80 may offer intermediate halts ahead of visiting 112.00 round-figure.
  • Additionally, pair’s extended rise over 112.00 might not hesitate to challenge 112.20 and 112.80 numbers to the north.
  • Meanwhile, 110.90, 110.50 and 110.30 are likely nearby supports to follow during the pair’s pullback ahead of highlighting the 50-day SMA level of 109.90.
  • In a case prices slide under 109.90, an upward sloping support-line stretched since early January, at 109.50, could become crucial to watch.

USD/JPY daily chart

Additional important levels:

       Today Last Price:  111.05
       Today Daily change:  37  pips
       Today Daily change %:  0.33%
       Today Daily Open:  110.68
       Daily SMA20:  110.09
       Daily SMA50:  109.9
       Daily SMA100:  111.45
       Daily SMA200:  111.31
       Previous Daily High:  110.91
       Previous Daily Low:  110.55
       Previous Weekly High:  110.96
       Previous Weekly Low:  110.42
       Previous Monthly High:  110
       Previous Monthly Low:  104.75
       Daily Fibonacci 38.2%:  110.69
       Daily Fibonacci 61.8%:  110.77
       Daily Pivot Point S1:  110.52
       Daily Pivot Point S2:  110.36
       Daily Pivot Point S3:  110.17
       Daily Pivot Point R1:  110.87
       Daily Pivot Point R2:  111.07
       Daily Pivot Point R3:  111.23