USD/JPY Technical Analysis: Greenback breaks below 113.00 against Yen as Wall Street bears take over

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bull trend above the 100 and 200-day simple moving averages (SMAs).
USD/JPY broke below the 50 SMA and the 113.00 figure.
There is safe-haven demand for the Japanse Yen as US stock indices are trading down.

USD/JPY 4-hour chart

USD/JPY reached the 112.60 support.
Bears would need to break through it in order to reach the 112.30 and 111.60 level.

USD/JPY 30-minute chart

113.00 becomes strong resistance to the upside.
The path of least resistance is down but 112.60 needs to be broken.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 112.62
    Today Daily change: -1.0e+2 pips
    Today Daily change %: -0.915%
    Today Daily Open: 113.66
Trends:
    Previous Daily SMA20: 113.4
    Previous Daily SMA50: 113.08
    Previous Daily SMA100: 112.25
    Previous Daily SMA200: 110.46
Levels:
    Previous Daily High: 113.83
    Previous Daily Low: 113.37
    Previous Weekly High: 114.04
    Previous Weekly Low: 112.88
    Previous Monthly High: 114.25
    Previous Monthly Low: 112.3
    Previous Daily Fibonacci 38.2%: 113.55
    Previous Daily Fibonacci 61.8%: 113.65
    Previous Daily Pivot Point S1: 113.41
    Previous Daily Pivot Point S2: 113.17
    Previous Daily Pivot Point S3: 112.96
    Previous Daily Pivot Point R1: 113.87
    Previous Daily Pivot Point R2: 114.07
    Previous Daily Pivot Point R3: 114.32

Author

Flavio Tosti

Independent Analyst

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