USD/JPY Technical Analysis: 100-bar SMA keeps buyers hopeful

  • USD/JPY is on the recovery mode, trades around intra-day high.
  • 61.8% Fibonacci Retracement adds to the support while 110.00 keeps troubling the Bulls.

USD/JPY takes the bids to an intra-day high of 109.15 by the press time of early Tuesday. The quote recently bounced off 100-bar Simple Moving Average (SMA).

Considering sharp declines registered during the previous day, coupled with a pullback from the key SMA, prices are likely to extend the recovery towards 23.6% Fibonacci retracement of late-November upside, near 109.40. Though, 110.00 could keep being a tough nut to crack for buyers afterward.

In a case of the Bulls’ capacity to conquer 110.00 round-figure, May 21 high around 110.70 will be in the spotlight.

Alternatively, the 100-bar SMA level of 108.93 and 61.8% Fibonacci retracement level of 108.80 restrict pair’s immediate declines whereas multiple lows surrounding 108.40 could keep sellers entertained then after.

USD/JPY 4-hour chart

Trend: Recovery expected

additional important levels

Today last price 109.15
Today Daily Change 20 pips
Today Daily Change % 0.18%
Today daily open 108.95
Daily SMA20 108.96
Daily SMA50 108.45
Daily SMA100 107.77
Daily SMA200 108.91
Previous Daily High 109.73
Previous Daily Low 108.92
Previous Weekly High 109.67
Previous Weekly Low 108.63
Previous Monthly High 109.67
Previous Monthly Low 107.89
Daily Fibonacci 38.2% 109.23
Daily Fibonacci 61.8% 109.42
Daily Pivot Point S1 108.68
Daily Pivot Point S2 108.4
Daily Pivot Point S3 107.87
Daily Pivot Point R1 109.48
Daily Pivot Point R2 110.01
Daily Pivot Point R3 110.28



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