- USD/JPY trades 0.18% higher on Friday and 1% higher on the week.
- There was a strong rejection of 104.00 to the downside.
USD/JPY daily chart
USD/JPY does not seem to like trading below 104.00 as there seems to be a quick recovery as soon as the level is pierced. The key level on the chart is the area marked in orange at 106.00. This level seems like a magnet for price and if the bulls manage to break the level it could be significant in the future.
There are also two trendlines to look out for on the chart. The first is marked in blue and the market is currently testing the zone. The black trendline is the stronger one as it has had more touches.
The indicators are back to mid-range as the price has pulled back. The MACD signal lines are still bearish, however, as they remain under the zero line.
Next week the latest US jobs data could inspire some more volatility than usual. There is also some election shenanigans to look forward to as the leaders of the democratic and republican parties go face to face.
|Today last price||105.61|
|Today Daily Change||0.19|
|Today Daily Change %||0.18|
|Today daily open||105.42|
|Previous Daily High||105.53|
|Previous Daily Low||105.21|
|Previous Weekly High||106.17|
|Previous Weekly Low||104.27|
|Previous Monthly High||107.05|
|Previous Monthly Low||105.1|
|Daily Fibonacci 38.2%||105.41|
|Daily Fibonacci 61.8%||105.33|
|Daily Pivot Point S1||105.24|
|Daily Pivot Point S2||105.06|
|Daily Pivot Point S3||104.91|
|Daily Pivot Point R1||105.56|
|Daily Pivot Point R2||105.71|
|Daily Pivot Point R3||105.89|
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