Search ForexCrunch
  • USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart  
  • USD/JPY hit the 114.00 figure following the FOMC statement. Technical indicators are in positive territories suggesting continued bullish momentum in the coming sessions on a break above the level.  
  • The next targets to the upside are likely seen near 114.57 (October high) and 115.00 figure.  

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:  113.99
       Daily change:  47  pips
       Daily change:  0.414%
       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