USD/JPY Technical Analysis: Greenback knocking on 112.00, bolstered by trade wars

  • Dollar on the rise against the JPY as markets scoop up USD on trade war concerns.
  • The USD/JPY is only a few levels away from setting a new high for 2018, and reversing the year's bearish run.
  • Higher timeframes have the pair consistently punching in higher lows as a bull trend extends.

USD/JPY Chart, 15-Minute

Spot rate:  111.92
Relative change:  -0.03%
High:  112.00
Low:  111.90
Trend:  Bullish
Support 1:  111.63 (38.2% Fibo retracement level)
Support 2:  111.30 (61.8% Fibo retracement level)
Support 3:  110.76 (previous day low)
Resistance 1:  112.16 (previous day high)
Resistance 2:  112.50 (major technical level)
Resistance 3:  113.38 (January swing high; 2018 high)


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.