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. 

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


Today last price 110.81
Today Daily Change 0.09
Today Daily Change % 0.08
Today daily open 110.72
Daily SMA20 107.64
Daily SMA50 108.91
Daily SMA100 108.94
Daily SMA200 108.26
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



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