USD/JPY Price Analysis: Dollar clings to 3.5-week’s highs vs. yen, challenges 111.00 figure

USD/JPY is challenging the 111.00 figure as DXY demand is relentless.
The level to beat for buyers is the 111.00 figure.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is bouncing sharply from the 2020 lows while breaking above the 110.00 key psychological level and holding above the main SMAs on the daily chart. Investors are rushing to USD as the demand stays unabated into Friday.

USD/JPY four-hour chart

USD/JPY is consolidating gains below the 111.00 figure while trading above the main SMAs as bulls keep their eyes on the 112.00 and 113.00 figures on the way up. Support is expected to hold near 110.00, 109.50 and 109.00 levels.

Resistance: 111.00, 112.00, 113.00

Support: 110, 109.50, 109.00

Additional key levels

USD/JPY

Overview
Today last price	110.81
Today Daily Change	0.09
Today Daily Change %	0.08
Today daily open	110.72

Trends
Daily SMA20	107.64
Daily SMA50	108.91
Daily SMA100	108.94
Daily SMA200	108.26

Levels
Previous Daily High	110.96
Previous Daily Low	107.88
Previous Weekly High	108.51
Previous Weekly Low	101.18
Previous Monthly High	112.23
Previous Monthly Low	107.51
Daily Fibonacci 38.2%	109.78
Daily Fibonacci 61.8%	109.06
Daily Pivot Point S1	108.75
Daily Pivot Point S2	106.78
Daily Pivot Point S3	105.68
Daily Pivot Point R1	111.82
Daily Pivot Point R2	112.92
Daily Pivot Point R3	114.89

Author

Flavio Tosti

Independent Analyst

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