USDJPY

The pair holds bullish tone on Monday, boosted by fresh risk mode and focuses 2019 high (112.13).
Bulls attempt to clearly break 200WMA (111.97) that would generate positive signal for extension of recovery leg from 104.59 (30 Dec spike low).
Two long daily bullish candles (Thu/Fri) underpin the action, but fading bullish momentum and overbought stochastic on daily chart suggest that bulls may take a breather before eventual break above strong barriers at 111.97/112.20 zone (200WMA/2019 high/Fibo 76.4% of 114.54/104.59 fall). Broken 200SMA (111.51) marks solid support which should contain corrective dips and maintain bullish bias.

Res: 112.13; 112.20; 112.60; 113.00
Sup: 111.88; 111.51; 111.22; 111.10

USDJPY

 

Interested in USDJPY technicals? Check out the key levels

    1. R3 112.72
    2. R2 112.41
    3. R1 112.21
  1. PP 111.89
    1. S1 111.69
    2. S2 111.38
    3. S3 111.18

The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD: Stable amid trade calm and German stimulus hopes

EUR/USD is trading around 1.1100, marginally higher. President Trump expressed optimism about reaching a trade deal with China while Germany's Scholz opened the door to stimulus. EZ Core CPI is confirmed at 0.9%.

EUR/USD News

GBP/USD steady below 1.2150 after Yellowhammer leak, as Corbyn calls for no'confidence

GBP/USD is trading below 1.2150 amid reports of food shortages in case of a hard Brexit, project Yellowhammer. Opposition leader Corbyn calls for a no-confidence motion against the government 

GBP/USD News

USD/JPY bounces off 106.25, focus on Fed minutes, Jackson Hole

USD/JPY bounces off the key support at 106.25 and heads back towards the 106.50 level, in response to downbeat Japanese trade data, risk-on action in the Asian equities and higher Treasury yields.

USD/JPY News

Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Bullish levels to watch after Binance announces Venus vs. Facebook's Libra

Cryptocurrencies have been advancing once again, with Bitcoin topping $10,500, Ethereum clawing its way back above $200, and Ripple extending its gains.

Read more

Gold: Drops to multi-day lows, back below $1500 handle

Meanwhile, technical indicators have been gaining negative traction on hourly charts and support prospects for an extension of the corrective slide back towards testing last week's swing lows.

Gold News

Majors

Cryptocurrencies

Signatures