USD/JPY Technical Analysis: Greenback advancing towards 114.00 figure ahead of FOMC

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  • USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart ahead of the FOMC at 19.00 GMT this Thursday.
  • USD/JPY broke above the 113.50 level opening the doors to 114.00 figure. Technical indicators are in positive territories suggesting continued bullish momentum. 
  • A break below 113.00 can be seen as a negative sign for bulls. 

USD/JPY 4-hour chart

Main trend:               Bullish

Resistance 1:    114.00 figure
Resistance 2:    114.57 October high
Resistance 3:    115.00 figure

Support 1:    113.55 October 2 low
Support 2:    113.00 figure
Support 3:    112.55 September 27 low
Support 4:    112.00-112.17 zone, figure and August 1 swing high
Support 5:    111.00 figure
Support 6:    110.35 September Low
Support 7:    109.75 August low

 
Additional key levels at a glance:

USD/JPY

Overview:
    Last Price: 113.72
    Daily change: 20 pips
    Daily change: 0.176%
    Daily Open: 113.52
Trends:
    Daily SMA20: 112.61
    Daily SMA50: 112.47
    Daily SMA100: 111.79
    Daily SMA200: 109.99
Levels:
    Daily High: 113.83
    Daily Low: 112.94
    Weekly High: 113.4
    Weekly Low: 111.78
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 113.49
    Daily Fibonacci 61.8%: 113.28
    Daily Pivot Point S1: 113.04
    Daily Pivot Point S2: 112.55
    Daily Pivot Point S3: 112.15
    Daily Pivot Point R1: 113.92
    Daily Pivot Point R2: 114.32
    Daily Pivot Point R3: 114.81

 

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