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

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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