Home USD/JPY Technical Analysis: Greenback retreating from the 114.00 resistance
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USD/JPY Technical Analysis: Greenback retreating from the 114.00 resistance

  • USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart.
  • USD/JPY hit 114.00 but bears prevented the market to continue beyond that resistance. The RSI, MACD and Stochastic are decelerating.
  • The bears target is likely located near 113.55 October 2 low.

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:  -27  pips
       Daily change:  -0.237%
       Daily Open:  113.99
Trends:
       Daily SMA20:  112.7
       Daily SMA50:  112.53
       Daily SMA100:  111.83
       Daily SMA200:  110.02
Levels:
       Daily High:  114.02
       Daily Low:  113.48
       Weekly High:  113.4
       Weekly Low:  111.78
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.81
       Daily Fibonacci 61.8%:  113.68
       Daily Pivot Point S1:  113.64
       Daily Pivot Point S2:  113.28
       Daily Pivot Point S3:  113.09
       Daily Pivot Point R1:  114.18
       Daily Pivot Point R2:  114.37
       Daily Pivot Point R3:  114.73

 

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