USD/JPY Technical Analysis: Regaining ground at the 113.00 level, but key barriers remain
- USD/JPY faces downside pressure heading into Wednesday's early session, with moves into the upside getting pressured by downside resistance from the 113.00 handle.
USD/JPY, 5-Minute
- The Dollar-Yen pairing has accelerated declines in the last two weeks, slipping into lows at 112.50 after Tuesday's freefall from a trendline at 113.65, and Wednesday's early attempts at a bullish correction are facing pressure from the 50-period moving average nearby at 112.95.
USD/JPY, 30-Minute
- Looking further back, USD/JPY is constrained in a tightening cycle pattern, pushing sideways as buyers on both ends await further impetus before knocking the pair into a new trend, and traders will likely be waiting for a break-and-retest of either barrier before picking a dedicated direction.
USD/JPY, 4-Hour
USD/JPY
Overview:
Today Last Price: 112.95
Today Daily change: 11 pips
Today Daily change %: 0.0975%
Today Daily Open: 112.84
Trends:
Previous Daily SMA20: 113.37
Previous Daily SMA50: 113.08
Previous Daily SMA100: 112.25
Previous Daily SMA200: 110.49
Levels:
Previous Daily High: 113.67
Previous Daily Low: 112.56
Previous Weekly High: 114.04
Previous Weekly Low: 112.88
Previous Monthly High: 114.25
Previous Monthly Low: 112.3
Previous Daily Fibonacci 38.2%: 112.99
Previous Daily Fibonacci 61.8%: 113.25
Previous Daily Pivot Point S1: 112.38
Previous Daily Pivot Point S2: 111.92
Previous Daily Pivot Point S3: 111.28
Previous Daily Pivot Point R1: 113.48
Previous Daily Pivot Point R2: 114.13
Previous Daily Pivot Point R3: 114.58