USD/JPY Technical Analysis: Decisive break of 110.65 can reprint 110.90 and 111.15 as quotes

USD/JPY trades around 110.65 as markets rush to European open on Tuesday.
The pair recently ticked up to 110.70 but failed to sustain the upside.
A successful break above 110.65 horizontal-line including the highs marked on Friday and Monday can escalate the pair’s up-move to 110.90 and then to the February month high of 111.15.
During the pair’s extended rise past-111.15, 61.8% Fibonacci retracement of its early-month trading pattern, at 111.30, may please buyers.
On the downside, an upward sloping trend-line at 110.45 can limit the pair’s adjacent declines.
Should the quote slips under 110.45, 110.25 and 110.00 may regain sellers’ attention.

Anil Panchal FXStreet

USD/JPY hourly chart

Additional important levels:

Overview:
    Today Last Price: 110.66
    Today Daily change: 7 pips
    Today Daily change %: 0.06%
    Today Daily Open: 110.59
Trends:
    Daily SMA20: 109.86
    Daily SMA50: 110.12
    Daily SMA100: 111.58
    Daily SMA200: 111.31
Levels:
    Previous Daily High: 110.62
    Previous Daily Low: 110.42
    Previous Weekly High: 111.13
    Previous Weekly Low: 109.7
    Previous Monthly High: 110
    Previous Monthly Low: 104.75
    Daily Fibonacci 38.2%: 110.54
    Daily Fibonacci 61.8%: 110.5
    Daily Pivot Point S1: 110.47
    Daily Pivot Point S2: 110.35
    Daily Pivot Point S3: 110.28
    Daily Pivot Point R1: 110.66
    Daily Pivot Point R2: 110.73
    Daily Pivot Point R3: 110.85

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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