- USD/JPY bulls extend the rally to 114.00 resistance.
- USD/JPY is finding some resistance at the 114.00 figure while the RSI and Stochastics indicators are in overbought territories. The next target to the upside is seen near 114.80 (November 2017 high).
- The 113.66 or 113.18 levels might act as support if there is a pullback.
Spot rate: 113.96
Relative change: 0.23%
High: 114.08
Low: 113.70
Main trend: Bullish
Resistance 1: 114.00 figure
Resistance 2: 114.80 November 2017 high
Resistance 3: 115.50 March 10, 2017
Support 1: 113.65 intraday swing high Sept. 28
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