USD/JPY Technical Analysis: Mission accomplished for Greenback bulls as 113.70 target gets hit

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a bull trend above the main simple moving averages (SMAs).
USD/JPY hit the 113.70 target.

USD/JPY 4-hour chart

USD/JPY bulls next objective is to reclaim the 114.20 resistance.
Technical indicators are bullish although in overbought territories.

USD/JPY 30-minute chart

USD/JPY bulls are breaking above the 113.70 resistance.
The path of least resistance is to the upside as 114.20 should become the next target.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 113.78
    Today Daily change: 16 pips
    Today Daily change %: 0.141%
    Today Daily Open: 113.62
Trends:
    Previous Daily SMA20: 113.26
    Previous Daily SMA50: 112.97
    Previous Daily SMA100: 112.17
    Previous Daily SMA200: 110.29
Levels:
    Previous Daily High: 113.67
    Previous Daily Low: 112.88
    Previous Weekly High: 113.24
    Previous Weekly Low: 112.3
    Previous Monthly High: 114.56
    Previous Monthly Low: 111.38
    Previous Daily Fibonacci 38.2%: 113.37
    Previous Daily Fibonacci 61.8%: 113.18
    Previous Daily Pivot Point S1: 113.1
    Previous Daily Pivot Point S2: 112.59
    Previous Daily Pivot Point S3: 112.31
    Previous Daily Pivot Point R1: 113.9
    Previous Daily Pivot Point R2: 114.18
    Previous Daily Pivot Point R3: 114.69

Author

Flavio Tosti

Independent Analyst

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