- USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart
- USD/JPY hit the 114.00 figure following the FOMC statement. Technical indicators are in positive territories suggesting continued bullish momentum in the coming sessions on a break above the level.
- The next targets to the upside are likely seen near 114.57 (October high) and 115.00 figure.
-636773051715741256.png)
Main trend: Bullish
Resistance 1: 114.00 figure
Resistance 2: 114.57 October high
Resistance 3: 115.00 figure
Support 1: 113.55 October 2 low
Support 2: 113.00 figure
Support 3: 112.55 September 27 low
Support 4: 112.00-112.17 zone, figure and August 1 swing high
Support 5: 111.00 figure
Support 6: 110.35 September Low
Support 7: 109.75 August low
Additional key levels at a glance:
USD/JPY
Overview:
Last Price: 113.99
Daily change: 47 pips
Daily change: 0.414%
Daily Open: 113.52
Trends:
Daily SMA20: 112.61
Daily SMA50: 112.47
Daily SMA100: 111.79
Daily SMA200: 109.99
Levels:
Daily High: 113.83
Daily Low: 112.94
Weekly High: 113.4
Weekly Low: 111.78
Monthly High: 114.56
Monthly Low: 111.38
Daily Fibonacci 38.2%: 113.49
Daily Fibonacci 61.8%: 113.28
Daily Pivot Point S1: 113.04
Daily Pivot Point S2: 112.55
Daily Pivot Point S3: 112.15
Daily Pivot Point R1: 113.92
Daily Pivot Point R2: 114.32
Daily Pivot Point R3: 114.81
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended content
Editors’ Picks
EUR/USD clings to daily gains above 1.0650
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
GBP/USD reversed its direction and advanced to the 1.2450 area after touching a fresh multi-month low below 1.2400 in the Asian session. The positive shift seen in risk mood on easing fears over a deepening Iran-Israel conflict supports the pair.
Gold holds steady at around $2,380 following earlier spike
Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price shows no signs of directional bias while it holds above $60,000. The fourth BTC halving is partially priced in, according to Deutsche Bank’s research.
Week ahead – US GDP and BoJ decision on top of next week’s agenda
US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.