Search ForexCrunch
  • USD/JPY bulls want to extend the main bull trend but they have found resistance at the 113.00 figure.
  • The 50, 100 and 200-period simple moving average are rising and widening suggesting bullish momentum. However, USD/JPY found resistance at the 113.00 psychological figure and broke below the bull trendline. The RSI an Stochastics indicator are pointing down.  
  • While the main trend is up, the market seems ripe for a pullback down towards 112.50 and 112.00 figure.  

USD/JPY 4-hour chart

Spot rate:                 112.88
Relative change:       -0.08%      
High:                        113.16
Low:                         112.73

Main trend:               Bullish
Short-term trend:       Bearish below 113.00

Resistance 1:    113.18, July high
Resistance 2:    114.00 figure
Resistance 3:    114.80 November 2017 high

Support 1:    112.50 figure
Support 2:    112.00-112.17 zone, figure and August 1, swing high
Support 3:    111.84 August 29 swing high
Support 4:    111.84 August 29 swing high
Support 5:    111.54 August 6, high  
Support 6:    111.45 August 8 high
Support 7:    111.00 figure
Support 8:    110.75, July 23 swing low
Support 9:    110.00 figure
Support 10:   109.37 June 25 low