USD/JPY Technical Analysis: Greenback hammered down 112.20 as Wall Street bears own the market - 112.60 bull target


USD/JPY daily chart

  • USD/JPY is in a bull trend above the 200-day simple moving average (SMA).
  • USD/JPY found some support at the 100 SMA. 
  • Safe haven Yen was in demand as US indices are trading down.

USD/JPY 4-hour chart

  • USD/JPY is trading below its main SMAs. 
  • USD/JPY is testing November lows at the 112.20 level. 

USD/JPY 30-minute chart

  • As USD/JPY created a 5-wave pattern, bulls might find support at 112.20. 
  • The next bullish target is seen at 112.60. 

Additional key levels

USD/JPY

Overview:
    Today Last Price: 112.36
    Today Daily change: -86 pips
    Today Daily change %: -0.760%
    Today Daily Open: 113.22
Trends:
    Previous Daily SMA20: 113.35
    Previous Daily SMA50: 113.09
    Previous Daily SMA100: 112.25
    Previous Daily SMA200: 110.52
Levels:
    Previous Daily High: 113.24
    Previous Daily Low: 112.65
    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%: 113.02
    Previous Daily Fibonacci 61.8%: 112.88
    Previous Daily Pivot Point S1: 112.83
    Previous Daily Pivot Point S2: 112.44
    Previous Daily Pivot Point S3: 112.24
    Previous Daily Pivot Point R1: 113.43
    Previous Daily Pivot Point R2: 113.63
    Previous Daily Pivot Point R3: 114.02

 

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