USD/JPY Technical Analysis: The 113.00 level and 50-day simple moving average are acting as resistance

USD/JPY daily chart

  • USD/JPY is challenging the 113.00 figure and the 50 SMA. 

USD/JPY 4-hour chart

  • USD/JPY is currently trapped between the 113.00 figure and the 200-period simple moving average. 

USD/JPY 30-minute chart

  • USD/JPY reclaimed the 50, 100 and 200-period simple moving averages on the 30-minute chart. 
  • Bears broke below the trendline as technical indicators are decelerating.
  • The target for bears is the 112.60. On the flip side, a break of 113.00 to the upside can lead to the 113.40 level. 

Additional ley levels at a glance:
 

USD/JPY

Overview:
    Last Price: 112.89
    Daily change: 21 pips
    Daily change: 0.186%
    Daily Open: 112.68
Trends:
    Daily SMA20: 113.08
    Daily SMA50: 112.87
    Daily SMA100: 112.07
    Daily SMA200: 110.18
Levels:
    Daily High: 112.85
    Daily Low: 112.3
    Weekly High: 114.22
    Weekly Low: 112.64
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 112.64
    Daily Fibonacci 61.8%: 112.51
    Daily Pivot Point S1: 112.37
    Daily Pivot Point S2: 112.05
    Daily Pivot Point S3: 111.81
    Daily Pivot Point R1: 112.92
    Daily Pivot Point R2: 113.16
    Daily Pivot Point R3: 113.48

 

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