USD/JPY Technical Analysis: A break above 113.70 resistance can open the gates to the December high

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bull trend above the 50, 100 and 200-day simple moving averages (SMAs).

USD/JPY 4-hour chart

USD/JPY is about 20 pips away from the December high.

USD/JPY 30-minute chart

On lower time-frames, USD/JPY is trading in a bull trend above its main SMAs.
The level to beat for bulls is 113.70 resistance. If broken to the upside then 113.82 (December high) is most likely on the cards.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 113.64
    Today Daily change: 4.0 pips
    Today Daily change %: 0.0352%
    Today Daily Open: 113.6
Trends:
    Previous Daily SMA20: 113.17
    Previous Daily SMA50: 113
    Previous Daily SMA100: 112.35
    Previous Daily SMA200: 110.72
Levels:
    Previous Daily High: 113.71
    Previous Daily Low: 113.18
    Previous Weekly High: 113.83
    Previous Weekly Low: 112.23
    Previous Monthly High: 114.25
    Previous Monthly Low: 112.3
    Previous Daily Fibonacci 38.2%: 113.51
    Previous Daily Fibonacci 61.8%: 113.39
    Previous Daily Pivot Point S1: 113.29
    Previous Daily Pivot Point S2: 112.97
    Previous Daily Pivot Point S3: 112.76
    Previous Daily Pivot Point R1: 113.81
    Previous Daily Pivot Point R2: 114.02
    Previous Daily Pivot Point R3: 114.34

Author

Flavio Tosti

Independent Analyst

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