USD/JPY Technical Analysis: Greenback testing 111.00 figure ahead of NFP

FX Street

Updated: 8 Mar. 2019 | 14:28

USD/JPY daily chart

USD/JPY is having a pullback down below the 100 and 200-day simple moving averages (SMAs).
The US NFP at 13.30 GMT can lead to high volatility in USD-related currency pairs.

USD/JPY 4-hour chart

USD/JPY is pulling back to its 100 SMA.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the short-term.
A break below 111.00 can lead to 110.80 and 110.00 level.
Resistances to the upside are at 111.40 and 112.00 level.

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