USD/JPY technical analysis: Buyers challenging the 110.00 figure

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is attempting to base above the 109.00 figure.

USD/JPY 4-hour chart

USD/JPY is challenging the 110.00 figure as the market is trading above the 50 SMA.

USD/JPY 30-minute chart

USD/JPY is trading above its main SMAs suggesting bullish momentum in the near term.
Buyers are challenging 110.06 big resistance. When broken 110.30 and 110.60 can become the next price targets to the upside.
Support is at the 109.80 and the 109.50 price level. A break below 109.00 on a daily closing basis may invalidate the bullish bias.

Additional key levels

USD/JPY

Overview
Today last price	109.98
Today Daily Change	0.13
Today Daily Change %	0.12
Today daily open	109.85

Trends
Daily SMA20	110.87
Daily SMA50	111.1
Daily SMA100	110.5
Daily SMA200	111.44

Levels
Previous Daily High	109.97
Previous Daily Low	109.33
Previous Weekly High	110.96
Previous Weekly Low	109.46
Previous Monthly High	112.4
Previous Monthly Low	110.8
Daily Fibonacci 38.2%	109.73
Daily Fibonacci 61.8%	109.58
Daily Pivot Point S1	109.46
Daily Pivot Point S2	109.08
Daily Pivot Point S3	108.83
Daily Pivot Point R1	110.1
Daily Pivot Point R2	110.35
Daily Pivot Point R3	110.74

Author

Flavio Tosti

Independent Analyst

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.