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USD/JPY Technical Analysis: Bulls remain in control, challenging ascending trend-line hurdle

   “¢   The pair continued gaining positive traction for the third consecutive session on Friday and climbed to the 112.00 neighbourhood, or fresh YTD tops in the last hour.

   “¢   The overnight move beyond the very important 200-day SMA, for the first time since Dec. 27 was seen as a key trigger behind the pair’s follow-through surge on Friday.

   “¢   The pair is now testing a short-term ascending trend-line hurdle, which might now keep a lid on any subsequent up-move amid slightly overbought conditions hourly charts.

   “¢   However, oscillators on the daily chart support prospects for an eventual bullish breakthrough, paving the way for additional gains towards testing the 112.25 level.

USD/JPY daily chart

USD/JPY

Overview:
       Today Last Price:  111.91
       Today Daily change:  44  pips
       Today Daily change %:  0.39%
       Today Daily Open:  111.47
Trends:
       Daily SMA20:  110.46
       Daily SMA50:  109.8
       Daily SMA100:  111.38
       Daily SMA200:  111.32
Levels:
       Previous Daily High:  111.5
       Previous Daily Low:  110.66
       Previous Weekly High:  110.96
       Previous Weekly Low:  110.42
       Previous Monthly High:  111.5
       Previous Monthly Low:  108.73
       Daily Fibonacci 38.2%:  111.17
       Daily Fibonacci 61.8%:  110.98
       Daily Pivot Point S1:  110.92
       Daily Pivot Point S2:  110.37
       Daily Pivot Point S3:  110.08
       Daily Pivot Point R1:  111.76
       Daily Pivot Point R2:  112.05
       Daily Pivot Point R3:  112.6

 

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