USD/JPY technical analysis: Greenback consolidates gains above the 110.00 figure


USD/JPY daily chart

USD/JPY has challenged the 110.50 level and the 50 simple moving average (SMAs). 

USD/JPY 4-hour chart


USD/JPY is making higher highs and higher lows on the 4-hour chart suggesting bullish momentum in the medium term.


USD/JPY 30-minute chart

USD/JPY has been correcting down on Wednesday and managed to hold above the 110.00 mark and the 200 SMA. Bulls will likely try to regain 110.70 to the upside. Further north lies the 111.00 figure if the bulls gather enough steam above the 110.70 resistance. Immediate support is at 110.25, 110.05 and 109.80.

Additional key levels

USD/JPY

Overview
Today last price 110.32
Today Daily Change -0.18
Today Daily Change % -0.16
Today daily open 110.5
 
Trends
Daily SMA20 110.61
Daily SMA50 111.04
Daily SMA100 110.51
Daily SMA200 111.43
Levels
Previous Daily High 110.68
Previous Daily Low 110.02
Previous Weekly High 110.2
Previous Weekly Low 109.02
Previous Monthly High 112.4
Previous Monthly Low 110.8
Daily Fibonacci 38.2% 110.42
Daily Fibonacci 61.8% 110.27
Daily Pivot Point S1 110.11
Daily Pivot Point S2 109.73
Daily Pivot Point S3 109.45
Daily Pivot Point R1 110.78
Daily Pivot Point R2 111.06
Daily Pivot Point R3 111.44

 

 

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD pressured around 1.13 after jump in US jobs

EUR/USD is trading around 1.13, down after US Non-Farm Payrolls shocked with a leap of 2.5 million jobs in May, contrary to all projections. The greenback is gaining while stocks are falling, a correlation breakdown. ECB stimulus previously supported the euro.

EUR/USD News

GBP/USD retreats from highs

GBP/USD is trading below 1.27, off the highs. The pound is struggling after Chief EU Negotiator Barnier reported little progress in Brexit talks. Robust US jobs support the dollar.

GBP/USD News

Gold sees weekly closing below $1700 - a caution for bulls

The steady decline in Gold prices (futures on Comex) accelerated on Friday, as the rates closed the week below the 1700 mark for the first time in three weeks at 1688.35. A weekly closing below the key 1700 level is unlikely to bode well for the bulls.

Gold News

Institutional demand exceeds Bitcoins supply

Greyscale floods the market with fresh money to satisfy the demand of its clients. Investors, willing to pay a 29% surcharge for exposure to Bitcoin without suffering the legal and operational inconveniences. Market remains at risk on the verge of new bullish territory.

Read more

WTI rallies above $39 as focus shifts to OPEC+ meeting

Crude oil prices built on Thursday's modest gains and rose sharply on Friday boosted by the upbeat market mood optimism surrounding Saturday's OPEC+ meeting. 

Oil News

Forex MAJORS

Cryptocurrencies

Signatures