USD/JPY Technical Analysis: Eases from multi-week tops, dip-buying to limit any meaningful pull-back

   •  The pair held on to a mildly positive tone for the second consecutive session on Tuesday, albeit trimmed a part of its early gains to over six-week high level of 110.65.

   •  The pair struggled to capitalize on the early uptick and failed near a confluence barrier - comprising of 55-day SMA and 61.8% Fibo. level of the 114.21-104.69 downfall.

   •  Slightly overbought conditions on hourly charts seemed to be the only factor capping gains, rather prompting some long-unwinding trade amid a modest USD pull-back.

   •  However, oscillators on the daily chart have just started gaining positive traction and support prospects for an extension of the recent bullish break through the 110.00 handle.

   •  Hence, any dips back towards the mentioned resistance break-point might now be seen as a buying opportunity for an eventual move beyond the 111.00 round figure mark.

USD/JPY daily chart


    Today Last Price: 110.49
    Today Daily change %: 0.08%
    Today Daily Open: 110.4
    Daily SMA20: 109.53
    Daily SMA50: 110.35
    Daily SMA100: 111.72
    Daily SMA200: 111.28
    Previous Daily High: 110.47
    Previous Daily Low: 109.7
    Previous Weekly High: 110.16
    Previous Weekly Low: 109.43
    Previous Monthly High: 110
    Previous Monthly Low: 104.75
    Daily Fibonacci 38.2%: 110.18
    Daily Fibonacci 61.8%: 109.99
    Daily Pivot Point S1: 109.91
    Daily Pivot Point S2: 109.42
    Daily Pivot Point S3: 109.13
    Daily Pivot Point R1: 110.68
    Daily Pivot Point R2: 110.96
    Daily Pivot Point R3: 111.45


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

US Dollar Index off YTD peaks near 97.40 on data

The greenback is now trading on a volatile fashion, coming down from fresh 2019 highs near the 97.40 region when tracked by the US Dollar Index (DXY) to the current 97.00 neighbourhood.

US Dollar Index News

AUD/USD climbs to session tops, above 0.7100 handle amid renewed US-China trade optimism

The AUD/USD pair managed to recover early lost ground, led by softer Chinese inflation data and is currently placed at fresh session tops, around the 0.7110-15 region.