USD/JPY Technical Analysis: Greenback gaining strength against Yen en route to 113.70 target

Flavio Tosti Independent Analyst

USD/JPY daily chart:

USD/JPY is trading in a bull trend above its main simple moving averages (SMAs).
USD/JPY bulls objective is to reclaim the 114.00 figure.

USD/JPY 4-hour chart

USD/JPY broke above 113.20 and the last swing high as the market is trading above its main SMAs.
The RSI and the Stochastic are in positive territories while the MACD is bullish.
The main resistance to the upside is at the 113.70 level while main support is at 112.30.

USD/JPY 30-minute chart

USD/JPY is facing some short-term resistance at 113.40 as the market is trading above its main SMAs.
USD/JPY is at the daily high while technical indicators are bullish.
The target to the upside is the 113.70 level.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 113.39
    Today Daily change: 47 pips
    Today Daily change %: 0.416%
    Today Daily Open: 112.92
Trends:
    Previous Daily SMA20: 113.2
    Previous Daily SMA50: 112.94
    Previous Daily SMA100: 112.14
    Previous Daily SMA200: 110.26
Levels:
    Previous Daily High: 113.02
    Previous Daily Low: 112.66
    Previous Weekly High: 113.24
    Previous Weekly Low: 112.3
    Previous Monthly High: 114.56
    Previous Monthly Low: 111.38
    Previous Daily Fibonacci 38.2%: 112.79
    Previous Daily Fibonacci 61.8%: 112.88
    Previous Daily Pivot Point S1: 112.71
    Previous Daily Pivot Point S2: 112.5
    Previous Daily Pivot Point S3: 112.35
    Previous Daily Pivot Point R1: 113.08
    Previous Daily Pivot Point R2: 113.23
    Previous Daily Pivot Point R3: 113.44

Author

Flavio Tosti

Independent Analyst

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