- USD/JPY trades near 111.40 during early Friday.
- In spite of clearing the 200-day simple moving average (SMA) on Thursday, the pair refrained from extending its upside as 100-day SMA and positive data from Japan caps the pair’s immediate advances.
- The Tokyo Consumer Price Index (CPI) ex Fresh Food (YoY), a preferred inflation gauge for the Bank of Japan, grew more than 1.0% market consensus to 1.1% in February.
- Also, Tokyo CPI increased 0.6% on a yearly basis in February from 0.4% market consensus and prior.
- The pair needs to surpass 111.40 in order to aim for 111.60, 111.80 and 112.00 consecutive resistances.
- During the pair’s extended rise past-112.00, 112.20 and 112.80 may gain buyers’ attention.
- Alternatively, pair’s slip under 200-day SMA level of 111.30 may recall 110.90 and 110.50 support levels on the chart.
- Moreover, pair’s extended declines past-110.50 could be confined by the 50-day SMA level of 109.80 and two-month-old ascending support-line of 109.65.
Additional important levels:
Today Last Price: 111.41
Today Daily change: 42 pips
Today Daily change %: 0.38%
Today Daily Open: 110.99
Daily SMA20: 110.34
Daily SMA50: 109.79
Daily SMA100: 111.39
Daily SMA200: 111.31
Previous Daily High: 111.08
Previous Daily Low: 110.35
Previous Weekly High: 110.96
Previous Weekly Low: 110.42
Previous Monthly High: 110
Previous Monthly Low: 104.75
Daily Fibonacci 38.2%: 110.8
Daily Fibonacci 61.8%: 110.63
Daily Pivot Point S1: 110.54
Daily Pivot Point S2: 110.08
Daily Pivot Point S3: 109.81
Daily Pivot Point R1: 111.26
Daily Pivot Point R2: 111.53
Daily Pivot Point R3: 111.99
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