“¢ The pair extended its consolidative price action on the first day of a new trading week, albeit now seems to have formed a firm base near 200-hour SMA.
“¢ Bullish technical indicators on the daily chart support prospects for additional gains, albeit mixed oscillators on hourly charts warrant some caution.
“¢ Hence, it would be prudent to wait for a sustained break through Friday’s swing high, coinciding with 50-hour SMA, before positioning for any meaningful up-move.
USD/JPY 1-hourly chart
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USD/JPY
Overview:
Today Last Price: 111.52
Today Daily change: 4 pips
Today Daily change %: 0.04%
Today Daily Open: 111.48
Trends:
Daily SMA20: 111.22
Daily SMA50: 110.16
Daily SMA100: 111.3
Daily SMA200: 111.44
Levels:
Previous Daily High: 111.9
Previous Daily Low: 111.38
Previous Weekly High: 111.9
Previous Weekly Low: 110.88
Previous Monthly High: 111.5
Previous Monthly Low: 108.73
Daily Fibonacci 38.2%: 111.58
Daily Fibonacci 61.8%: 111.7
Daily Pivot Point S1: 111.27
Daily Pivot Point S2: 111.06
Daily Pivot Point S3: 110.75
Daily Pivot Point R1: 111.79
Daily Pivot Point R2: 112.11
Daily Pivot Point R3: 112.32
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