|

USD/JPY Technical Analysis: 113.60 resistance capping bullish advances

USD/JPY daily chart

  • USD/JPY is trading in a bull trend below the 50, 100 and 200-day simple moving average (SMA).

USD/JPY 4-hour chart

  • USD/JPY is trading below its main SMAs.
  • 113.60 remains the main hurdle for bulls to break to the upside.

USD/JPY 30-minute chart

  • If the 113.60 keep capping bullish advances a pullback to 113.20 can be on the cards.

Additional key levels 

USD/JPY

Overview:
    Today Last Price: 113.55
    Today Daily change: 4.0 pips
    Today Daily change %: 0.0352%
    Today Daily Open: 113.51
Trends:
    Previous Daily SMA20: 113.38
    Previous Daily SMA50: 113.07
    Previous Daily SMA100: 112.23
    Previous Daily SMA200: 110.43
Levels:
    Previous Daily High: 113.73
    Previous Daily Low: 113.34
    Previous Weekly High: 114.04
    Previous Weekly Low: 112.88
    Previous Monthly High: 114.25
    Previous Monthly Low: 112.3
    Previous Daily Fibonacci 38.2%: 113.58
    Previous Daily Fibonacci 61.8%: 113.49
    Previous Daily Pivot Point S1: 113.32
    Previous Daily Pivot Point S2: 113.14
    Previous Daily Pivot Point S3: 112.94
    Previous Daily Pivot Point R1: 113.71
    Previous Daily Pivot Point R2: 113.91
    Previous Daily Pivot Point R3: 114.09

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD looks offered below 1.1900

EUR/USD keeps its bearish tone unchanged ahead of the opening bell in Asia, returning to the sub-1.1900 region following a firmer tone in the US Dollar. Indeed, the pair reverses two consecutive daily gains amid steady caution ahead of Wednesday’s key US Nonfarm Payrolls release.
 

GBP/USD slips back to daily lows near 1.3640

GBP/USD drops to daily lows near 1.3640 as sellers push harder and the Greenback extends its rebound in the latter part of Tuesday’s session. Looking ahead, the combination of key US releases, including NFP and CPI, alongside important UK data, should keep the pound firmly in focus over the coming days.

Gold the battle of wills continues with bulls not ready to give up

Gold remains on the defensive and approaches the key $5,000 region per troy ounce on Tuesday, giving back part of its recent two day. The precious metal’s pullback unfolds against a firmer tone in the US Dollar, declining US Treasury yields and steady caution ahead of upcoming key US data releases.

Bitcoin's downtrend caused by ETF redemptions and AI rotation: Wintermute

Bitcoin's (BTC) fall from grace since the October 10 leverage flush has been spearheaded by sustained ETF outflows and a rotation into the AI narrative, according to Wintermute.

Dollar drops and stocks rally: The week of reckoning for US economic data

Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.

XRP holds $1.40 amid ETF inflows and stable derivatives market

Ripple trades under pressure, with immediate support at $1.40 holding at the time of writing on Tuesday. A recovery attempt from last week’s sell-off to $1.12 stalled at $1.54 on Friday, leading to limited price action between the current support and the resistance.