Home USD/JPY Technical Analysis: Pulling back below 114.00 figure in a strong trend
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USD/JPY Technical Analysis: Pulling back below 114.00 figure in a strong trend

  • USD/JPY is in a strong bull trend.  
  • USD/JPY is currently pulling back below the 114.00 figure while the RSI, MACD and Stochastics are turning lower. The correction can extend to 113.55 (October 2 low).  
  • The 50, 100 and 200-period simple moving averages are rising and widening suggesting a strong bullish bias.  

USD/JPY 4-hour chart  

USD/JPY

Overview:
       Last Price:  113.91
       Daily change:  -63  pips
       Daily change:  -0.550%
       Daily Open:  114.54
Trends:
       Daily SMA20:  112.45
       Daily SMA50:  111.64
       Daily SMA100:  111.11
       Daily SMA200:  109.83
Levels:
       Daily High:  114.56
       Daily Low:  113.52
       Weekly High:  113.71
       Weekly Low:  112.39
       Monthly High:  113.71
       Monthly Low:  110.38
       Daily Fibonacci 38.2%:  114.16
       Daily Fibonacci 61.8%:  113.91
       Daily Pivot Point S1:  113.85
       Daily Pivot Point S2:  113.16
       Daily Pivot Point S3:  112.8
       Daily Pivot Point R1:  114.89
       Daily Pivot Point R2:  115.25
       Daily Pivot Point R3:  115.94

Main trend:               Bullish

Resistances and Supports:

Resistance 1:    114.00 figure
Resistance 2:    114.80 November 2017 high
Resistance 3:    115.50 March 10, 2017 high  

Support 1:    113.55 October 2 low
Support 2:    113.18, July high  
Support 3:    112.50 figure
Support 4:    112.00-112.17 zone, figure and August 1 swing high
Support 5:    111.84 August 29 swing high

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