USD/JPY Technical Analysis: Bears retaking control of the market as Greenback falls below 113.00 against the Japanese Yen
- USD/JPY is back into the 112.00-113.00 range and back to a more neutral bias as the market is set to close below the key 113.00 level.
- USD/JPY bears will try to push the currency pair to 112.50 and 112.00. The RSI and MACD are still rather strong but the Stochastic indicator is falling. All suggesting that bears can have a try at breaking the 200 SMA.
- On the flip side, bulls will try to break above 113.55 resistance to regain control of the market.
USD/JPY 4-hour chart
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Main trend: Bullish
Resistance 1: 113.00 figure
Resistance 2: 113.55 October 2 low
Resistance 3: 114.00 figure
Resistance 4: 114.57 October high
Support 1: 112.55 September 27 low
Support 2: 112.00-112.17 zone, figure and August 1 swing high
Support 3: 111.00 figure
Support 4: 110.35 September Low
Support 5: 109.75 August low
Additional key levels at a glance:
USD/JPY
Overview:
Last Price: 112.93
Daily change: -20 pips
Daily change: -0.177%
Daily Open: 113.13
Trends:
Daily SMA20: 112.69
Daily SMA50: 112.23
Daily SMA100: 111.63
Daily SMA200: 109.88
Levels:
Daily High: 113.13
Daily Low: 112.3
Weekly High: 112.9
Weekly Low: 111.38
Monthly High: 113.71
Monthly Low: 110.38
Daily Fibonacci 38.2%: 112.81
Daily Fibonacci 61.8%: 112.62
Daily Pivot Point S1: 112.57
Daily Pivot Point S2: 112.01
Daily Pivot Point S3: 111.73
Daily Pivot Point R1: 113.41
Daily Pivot Point R2: 113.69
Daily Pivot Point R3: 114.25