USD/JPY Technical Analysis: Bullish turnaround en route towards 111.00 handle

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a sideways trend between the 50 and 200-day simple moving averages (SMAs).

USD/JPY 4-hour chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the medium-term.

USD/JPY 30-minute chart

USD/JPY is trading between its 50 and 100 SMAs suggesting a consolidation phase in the short-term.
If the 111.00 resistance gets broken to the upside bull can take over and drive the markets towards 111.40, 111.60 and 112.00 handle.
Support is at 110.40 and 110.00 figure.

Additional key levels

USD/JPY

Overview
Today last price	110.86
Today Daily Change	0.16
Today Daily Change %	0.14
Today daily open	110.7

Trends
Daily SMA20	111.3
Daily SMA50	110.32
Daily SMA100	111.25
Daily SMA200	111.45

Levels
Previous Daily High	111.7
Previous Daily Low	110.54
Previous Weekly High	111.9
Previous Weekly Low	110.88
Previous Monthly High	111.5
Previous Monthly Low	108.73
Daily Fibonacci 38.2%	110.98
Daily Fibonacci 61.8%	111.25
Daily Pivot Point S1	110.26
Daily Pivot Point S2	109.82
Daily Pivot Point S3	109.1
Daily Pivot Point R1	111.42
Daily Pivot Point R2	112.14
Daily Pivot Point R3	112.58

Author

Flavio Tosti

Independent Analyst

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