USD/JPY Technical Analysis: The 113.00 figure is still on the bears radar

USD/JPY is trading in a bull trend above the 200-period simple on the 4-hour chart.
USD/JPY tried to break above 113.50 but was not able to close above the level. The MACD is decelerating suggesting that the trend is weakening.
Targets to the downside are likely located near 113.00 level and 112.55 September 27 low.

Flavio Tosti Independent Analyst

USD/JPY 4-hour chart

Main trend: Bullish

Resistance 1: 113.55 October 2 low
Resistance 2: 114.00 figure
Resistance 3: 114.57 October high

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

Additional key levels at a glance:

USD/JPY

Overview:
    Last Price: 113.31
    Daily change: -15 pips
    Daily change: -0.132%
    Daily Open: 113.46
Trends:
    Daily SMA20: 112.55
    Daily SMA50: 112.43
    Daily SMA100: 111.76
    Daily SMA200: 109.97
Levels:
    Daily High: 113.51
    Daily Low: 113.1
    Weekly High: 113.4
    Weekly Low: 111.78
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 113.35
    Daily Fibonacci 61.8%: 113.25
    Daily Pivot Point S1: 113.2
    Daily Pivot Point S2: 112.94
    Daily Pivot Point S3: 112.79
    Daily Pivot Point R1: 113.62
    Daily Pivot Point R2: 113.77
    Daily Pivot Point R3: 114.03

Author

Flavio Tosti

Independent Analyst

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