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

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

 

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