USD/JPY Technical Analysis: Greenback pushing its way towards 111.00 figure

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a deep pullback below the 200-day simple moving averages (SMAs) on the daily chart.
Earlier in the New York session, the US Core Consumer Price Index (CPI) for the month of January came in at 0.2% in line with market expectations.

USD/JPY 4-hour chart

USD/JPY is trading above its main SMAs suggesting bullish momentum.

USD/JPY 30-minute chart

USD/JPY is trading above its main SMAs suggesting bullish momentum.
Bulls will need to overcome the 111.00 resistance to reach 111.20 and 111.50 to the upside.
On the flip side, bears will try to bring the market below 110.60 and 110.30 support.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 110.8
    Today Daily change: 33 pips
    Today Daily change %: 0.30%
    Today Daily Open: 110.47
Trends:
    Daily SMA20: 109.62
    Daily SMA50: 110.3
    Daily SMA100: 111.69
    Daily SMA200: 111.28
Levels:
    Previous Daily High: 110.66
    Previous Daily Low: 110.34
    Previous Weekly High: 110.16
    Previous Weekly Low: 109.43
    Previous Monthly High: 110
    Previous Monthly Low: 104.75
    Daily Fibonacci 38.2%: 110.54
    Daily Fibonacci 61.8%: 110.46
    Daily Pivot Point S1: 110.33
    Daily Pivot Point S2: 110.18
    Daily Pivot Point S3: 110.01
    Daily Pivot Point R1: 110.64
    Daily Pivot Point R2: 110.8
    Daily Pivot Point R3: 110.95

Author

Flavio Tosti

Independent Analyst

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