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  • USD/JPY is trapped in the 112.00-113.00 range while trading below a rather flat 200-period simple moving average on the 4-hour chart.  
  • USD/JPY bulls came back this Monday pushing the currency pair right into the 112.50 resistance and the 100-period simple moving average. Ideally, bulls would need a daily close above 112.50 and 113.00 to break away from the current range.  
  • In the absence a bullish breakout,  failures to break above 112.50 and 113.00 would likely lead to a continuation of the current 112.00-113.00  range.  

USD/JPY 4-hour chart

USD/JPY

Overview:
       Last Price:  112.49
       Daily change:  60  pips
       Daily change:  0.536%
       Daily Open:  111.89
Trends:
       Daily SMA20:  112.79
       Daily SMA50:  112.13
       Daily SMA100:  111.58
       Daily SMA200:  109.87
Levels:
       Daily High:  112.46
       Daily Low:  111.38
       Weekly High:  112.9
       Weekly Low:  111.38
       Monthly High:  113.71
       Monthly Low:  110.38
       Daily Fibonacci 38.2%:  111.79
       Daily Fibonacci 61.8%:  112.05
       Daily Pivot Point S1:  111.36
       Daily Pivot Point S2:  110.82
       Daily Pivot Point S3:  110.27
       Daily Pivot Point R1:  112.44
       Daily Pivot Point R2:  112.99
       Daily Pivot Point R3:  113.53