USD/JPY Technical Analysis: USD/JPY flirting with 2018 high

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  • USD/JPY is trading at weekly highs as it testing the current 2018 high at 112.82.
  • USD/JPY bull trend remains intact and if bulls can break above 112.82, the 2018 high, then the next targets become 113.38 January 8 high and 114.45 October 27, 2017 high.
  • Supports are located near 112.64 July 12 high and 112.-19-112.40 area.

USD/JPY 15-minute chart

Spot rate:                 112.74

Relative change:       0.40%     
High:                        112.80
Low:                         112.22

Trend:                       Bullish

Resistance 1:  112.82, 2018 high
Resistance 2:  113.38 January 8 high
Resistance 3:  114.45 October 27, 2017 high 

Support 1:    112.64 July 12 high
Support 2:    112.19-112.40 area, July 11 high and intraday swing low 
Support 3:    111.60-111.80 area, 23.6% and 23.2% Fibonacci retracement low/high July 11
Support 4:    111.39 May 21 swing high
Support 5:    111.02-111.16 previous intraday swing lows
Support 6:    110.90 June 15 swing high

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