- USD/JPY is in consolidation ahead of the BoJ and key events for the week ahead, including the FOMC statement and nonfarm payrolls.
- USD/JPY is supported by the daily trendline support and resisted on the wide at the top of the cloud around 113.00 that guards the 200-week moving average at 113.29.
- The 200-D SMA comes in as a key support below the trendline.
Spot rate: 111.02
High: 111.10
Low: 110.88
Trend: Neutral
Resistance 1: 111.50/75
Resistance 2: 113.00 BB, guarding 200-week moving average at 113.29
Resistance 3: 114.73 November 2017 high
Resistance 4: On the wide, 125.86 comes as the 2015 high
Support 1: 55 day moving average at 110.56.
Support 2: 200 day ma at 110.09.
Support 3: 109.20 (8th June low)
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