USD/JPY Technical Analysis: Greenback retreating from the 114.00 resistance

USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart.
USD/JPY hit 114.00 but bears prevented the market to continue beyond that resistance. The RSI, MACD and Stochastic are decelerating.
The bears target is likely located near 113.55 October 2 low.

Flavio Tosti Independent Analyst

USD/JPY 4-hour chart

Main trend: Bullish

Resistance 1: 114.00 figure
Resistance 2: 114.57 October high
Resistance 3: 115.00 figure

Support 1: 113.55 October 2 low
Support 2: 113.00 figure
Support 3: 112.55 September 27 low
Support 4: 112.00-112.17 zone, figure and August 1 swing high
Support 5: 111.00 figure
Support 6: 110.35 September Low
Support 7: 109.75 August low

Additional key levels at a glance:

USD/JPY

Overview:
    Last Price: 113.72
    Daily change: -27 pips
    Daily change: -0.237%
    Daily Open: 113.99
Trends:
    Daily SMA20: 112.7
    Daily SMA50: 112.53
    Daily SMA100: 111.83
    Daily SMA200: 110.02
Levels:
    Daily High: 114.02
    Daily Low: 113.48
    Weekly High: 113.4
    Weekly Low: 111.78
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 113.81
    Daily Fibonacci 61.8%: 113.68
    Daily Pivot Point S1: 113.64
    Daily Pivot Point S2: 113.28
    Daily Pivot Point S3: 113.09
    Daily Pivot Point R1: 114.18
    Daily Pivot Point R2: 114.37
    Daily Pivot Point R3: 114.73

Author

Flavio Tosti

Independent Analyst

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