Home USD/JPY Technical Analysis: Wait-and-see mode below 113.50 ahead of the US mid-term elections
FXStreet News

USD/JPY Technical Analysis: Wait-and-see mode below 113.50 ahead of the US mid-term elections

  • USD/JPY is trading in a bull trend above its 200-period simple moving average (SMA) ahead of the  US mid-term elections.
  • USD/JPY is trading in a tight range just below 113.55 resistance. Failure to break above the level accompanied by an overbought reading on the Stochastic indicator can lead to a pullback down to 113.00 and 112.50 if the bears have enough fuel.  
  • A break above 113.50 would open the doors to 114.00 figure.

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:  113.22
       Daily change:  3.0  pips
       Daily change:  0.0265%
       Daily Open:  113.19
Trends:
       Daily SMA20:  112.52
       Daily SMA50:  112.34
       Daily SMA100:  111.7
       Daily SMA200:  109.93
Levels:
       Daily High:  113.34
       Daily Low:  112.56
       Weekly High:  113.4
       Weekly Low:  111.78
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.04
       Daily Fibonacci 61.8%:  112.85
       Daily Pivot Point S1:  112.72
       Daily Pivot Point S2:  112.24
       Daily Pivot Point S3:  111.93
       Daily Pivot Point R1:  113.5
       Daily Pivot Point R2:  113.81
       Daily Pivot Point R3:  114.29


 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.