Home USD/JPY Technical Analysis: The 113.00 figure is still on the bears radar
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USD/JPY Technical Analysis: The 113.00 figure is still on the bears radar

  • USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart.
  • USD/JPY tried to break above 113.50 but was not able to close above the level. The MACD is decelerating suggesting that the trend is weakening.  
  • Targets to the downside are likely located near 113.00 level and 112.55 September 27 low.

USD/JPY 4-hour chart

Main trend:               Bullish

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

Support 1:    113.00 figure
Support 2:    112.55 September 27 low
Support 3:    112.00-112.17 zone, figure and August 1 swing high
Support 4:    111.00 figure
Support 5:    110.35 September Low
Support 6:    109.75 August low

 
Additional key levels at a glance:

USD/JPY

Overview:
       Last Price:  113.31
       Daily change:  -15  pips
       Daily change:  -0.132%
       Daily Open:  113.46
Trends:
       Daily SMA20:  112.55
       Daily SMA50:  112.43
       Daily SMA100:  111.76
       Daily SMA200:  109.97
Levels:
       Daily High:  113.51
       Daily Low:  113.1
       Weekly High:  113.4
       Weekly Low:  111.78
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.35
       Daily Fibonacci 61.8%:  113.25
       Daily Pivot Point S1:  113.2
       Daily Pivot Point S2:  112.94
       Daily Pivot Point S3:  112.79
       Daily Pivot Point R1:  113.62
       Daily Pivot Point R2:  113.77
       Daily Pivot Point R3:  114.03

 

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