Home USD/JPY Technical Analysis: Greenback under pressure below 113.00 figure against the Japanese Yen
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USD/JPY Technical Analysis: Greenback under pressure below 113.00 figure against the Japanese Yen

  • USD/JPY is back into the 112.00-113.00 range as the market is switching back to a more neutral stance.  
  • USD/JPY is below the 200-period simple moving average en route to test the 112.55 level and possibly 112.00-112.17 zone if bears gather enough momentum.
  • A break back above 113.00 might invalidate the current bearish bias.  

USD/JPY 4-hour chart

Main trend:               Bullish

Resistance 1:    113.00 figure
Resistance 2:    113.55 October 2 low
Resistance 3:    114.00 figure
Resistance 4:    114.57 October high

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

 

Additional key levels at a glance:

USD/JPY

Overview:
       Last Price:  112.71
       Daily change:  -23  pips
       Daily change:  -0.204%
       Daily Open:  112.94
Trends:
       Daily SMA20:  112.61
       Daily SMA50:  112.28
       Daily SMA100:  111.65
       Daily SMA200:  109.89
Levels:
       Daily High:  113.4
       Daily Low:  112.8
       Weekly High:  112.9
       Weekly Low:  111.38
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.03
       Daily Fibonacci 61.8%:  113.17
       Daily Pivot Point S1:  112.69
       Daily Pivot Point S2:  112.44
       Daily Pivot Point S3:  112.09
       Daily Pivot Point R1:  113.3
       Daily Pivot Point R2:  113.65
       Daily Pivot Point R3:  113.9

 

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