USD/JPY Technical Analysis: 100-day SMA and welcome CPI from Japan caps the upside around 111.40
|- USD/JPY trades near 111.40 during early Friday.
- In spite of clearing the 200-day simple moving average (SMA) on Thursday, the pair refrained from extending its upside as 100-day SMA and positive data from Japan caps the pair’s immediate advances.
- The Tokyo Consumer Price Index (CPI) ex Fresh Food (YoY), a preferred inflation gauge for the Bank of Japan, grew more than 1.0% market consensus to 1.1% in February.
- Also, Tokyo CPI increased 0.6% on a yearly basis in February from 0.4% market consensus and prior.
- The pair needs to surpass 111.40 in order to aim for 111.60, 111.80 and 112.00 consecutive resistances.
- During the pair’s extended rise past-112.00, 112.20 and 112.80 may gain buyers’ attention.
- Alternatively, pair’s slip under 200-day SMA level of 111.30 may recall 110.90 and 110.50 support levels on the chart.
- Moreover, pair’s extended declines past-110.50 could be confined by the 50-day SMA level of 109.80 and two-month-old ascending support-line of 109.65.
Additional important levels:
Overview:
Today Last Price: 111.41
Today Daily change: 42 pips
Today Daily change %: 0.38%
Today Daily Open: 110.99
Trends:
Daily SMA20: 110.34
Daily SMA50: 109.79
Daily SMA100: 111.39
Daily SMA200: 111.31
Levels:
Previous Daily High: 111.08
Previous Daily Low: 110.35
Previous Weekly High: 110.96
Previous Weekly Low: 110.42
Previous Monthly High: 110
Previous Monthly Low: 104.75
Daily Fibonacci 38.2%: 110.8
Daily Fibonacci 61.8%: 110.63
Daily Pivot Point S1: 110.54
Daily Pivot Point S2: 110.08
Daily Pivot Point S3: 109.81
Daily Pivot Point R1: 111.26
Daily Pivot Point R2: 111.53
Daily Pivot Point R3: 111.99
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.