USD/JPY Current price: 113.10
View Live Chart for the USD/JPY
Trying to regain 113.00. The USD/JPY pair remained capped below the 113.00 for most of this Friday, having advanced up to a daily high of 113.01 before retreating. The pair traded within yesterday's range, without much directional conviction. The US Retail Sales beating expectations however, helped the pair to advance to fresh daily highs near 113.20, albeit so far the advance seems quite limited. Technically, the 1 hour chart shows that the 100 SMA heads lower around 113.80 the immediate resistance, while the technical indicators accelerated their advances within positive territory. In the 4 hours chart, the technical indicators have corrected extreme oversold readings, but lost upward steam well below their mid-lines, suggesting there's little buying interest around this levels. Should the price continue advancing, and US stocks recover the ground lost earlier this week, the rally can extend up towards the 114.30 region during the American session.
Support levels: 112.60 112.10 111.70
Resistance levels: 113.35 113.80 114.30
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