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USD/JPY Price Analysis: Dollar trades near session’s highs vs. yen, above 110.50 level

  • USD/JPY is consolidating the recent losses. 
  • The level to beat for bears is the 110.00 figure.

 

USD/JPY daily chart

 
USD/JPY is trading in a bull channel while above its main daily simple moving averages (SMAs). The spot is pulling back down after a huge breakout last week. 
 

USD/JPY four-hour chart

 
USD/JPY is trading in the 110.00/110.60 range while trading between the 50 and the 100 SMAs. As the market is consolidating the recent drop the bears might try to break below the 110.00 support to reach 109.40 and 108.60 on the way down. Resistances are seen near the 110.65 level and the 111.00 figure.
   
 
Resistance: 110.65, 111.00, 111.40
Support: 110.00, 109.40, 108.60
 
 

Additional key levels

USD/JPY

Overview
Today last price 111.36
Today Daily Change 1.24
Today Daily Change % 1.13
Today daily open 110.12
 
Trends
Daily SMA20 109.94
Daily SMA50 109.58
Daily SMA100 109.18
Daily SMA200 108.41
 
Levels
Previous Daily High 111.04
Previous Daily Low 109.89
Previous Weekly High 112.23
Previous Weekly Low 109.66
Previous Monthly High 110.29
Previous Monthly Low 107.65
Daily Fibonacci 38.2% 110.33
Daily Fibonacci 61.8% 110.6
Daily Pivot Point S1 109.66
Daily Pivot Point S2 109.2
Daily Pivot Point S3 108.51
Daily Pivot Point R1 110.81
Daily Pivot Point R2 111.5
Daily Pivot Point R3 111.96

 

 

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