Home USD/JPY Technical Analysis: Greenback pushing its way towards 111.00 figure
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USD/JPY Technical Analysis: Greenback pushing its way towards 111.00 figure

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 200-day simple moving averages (SMAs) on the daily chart.
  • Earlier in the New York session, the US Core Consumer Price Index (CPI) for the month of January came in at 0.2% in line with market expectations.

USD/JPY 4-hour chart

  • USD/JPY is trading above its main SMAs suggesting bullish momentum.

USD/JPY 30-minute chart

  • USD/JPY is trading above its main SMAs suggesting bullish momentum.
  • Bulls will need to overcome the 111.00 resistance to reach 111.20 and 111.50 to the upside.  
  • On the flip side, bears will try to bring the market below 110.60 and 110.30 support.

Additional key levels

USD/JPY

Overview:
       Today Last Price:  110.8
       Today Daily change: 33  pips
       Today Daily change %:  0.30%
       Today Daily Open:  110.47
Trends:
       Daily SMA20:  109.62
       Daily SMA50:  110.3
       Daily SMA100:  111.69
       Daily SMA200:  111.28
Levels:
       Previous Daily High:  110.66
       Previous Daily Low:  110.34
       Previous Weekly High:  110.16
       Previous Weekly Low:  109.43
       Previous Monthly High:  110
       Previous Monthly Low:  104.75
       Daily Fibonacci 38.2%:  110.54
       Daily Fibonacci 61.8%:  110.46
       Daily Pivot Point S1:  110.33
       Daily Pivot Point S2:  110.18
       Daily Pivot Point S3:  110.01
       Daily Pivot Point R1:  110.64
       Daily Pivot Point R2:  110.8
       Daily Pivot Point R3:  110.95

 

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