Currently, the USD/JPY is trading at 113.14, having clocked a three-week high of 113.33 earlier today. Both RSI and Stochastic are reporting overbought conditions on the hourly chart. Further, the previous hourly candle was a dog, which usually indicates indecision in the marketplace, but when viewed against the backdrop of the rally from the low of 111.38, the doji indicates bullish exhaustion. No wonder, the pair has pulled back from three-week highs and could revisit 112.89 – former resistance-turned-support – before building on the yesterday’s bullish breakout (close above 112.89). Hourly Chart Trend: Pullback likely USD/JPY Overview: Last Price: 113.14 Daily change: 1.0 pips Daily change: 0.00884% Daily Open: 113.13 Trends: Daily SMA20: 112.69 Daily SMA50: 112.23 Daily SMA100: 111.63 Daily SMA200: 109.88 Levels: Daily High: 113.13 Daily Low: 112.3 Weekly High: 112.9 Weekly Low: 111.38 Monthly High: 113.71 Monthly Low: 110.38 Daily Fibonacci 38.2%: 112.81 Daily Fibonacci 61.8%: 112.62 Daily Pivot Point S1: 112.57 Daily Pivot Point S2: 112.01 Daily Pivot Point S3: 111.73 Daily Pivot Point R1: 113.41 Daily Pivot Point R2: 113.69 Daily Pivot Point R3: 114.25 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoJ keeps policy unchanged, as widely expected FX Street 4 years Currently, the USD/JPY is trading at 113.14, having clocked a three-week high of 113.33 earlier today. Both RSI and Stochastic are reporting overbought conditions on the hourly chart. Further, the previous hourly candle was a dog, which usually indicates indecision in the marketplace, but when viewed against the backdrop of the rally from the low of 111.38, the doji indicates bullish exhaustion. No wonder, the pair has pulled back from three-week highs and could revisit 112.89 - former resistance-turned-support - before building on the yesterday's bullish breakout (close above 112.89). Hourly Chart Trend: Pullback likely USD/JPY Overview: … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
