USDJPY Technical Levels

[AngieB]

USD/JPY is developing around its moving averages on the H4, but yet is unable to surpass them. RSI and stochastic are turning to north and bulls might conquer soon the 111.00 level.

 

[AngieB]

Looks like bears prevails today, the pair is facing the immediate support at 110.40.

 

[AngieB]

USD/JPY was very undecided last Friday and closed around mid 110.00s. The two largest economies in the world will meet next week to try to solve the trade war and the market players still be looking for safety.

 

[izzy_63]

The pair has found immediate support level at 110.10, break below would trigger a further decline. Focus turns to China-US meeting in Washington next week.

 

[AngieB]

USD/JPY continues to struggle with 110.50 level, but the daily low seems much more attractive for the bears.

 

[izzy_63]

The pair broke below 110.10 level, opens door to further decline, the bearish trend found support zone around 109.10/20.

 

[AngieB]

The USD/JPY pair recovered from the daily low at 109.77 following US Treasury yields, as firmer equities worldwide keep risk-aversion in check. However the 20-day SMA is acticting as immediate support at 110.45, which yet remains hard to achieve by the bulls.

 

[AngieB]

Today the USD/JPY pair is showing strong bullish momentum, but currently is capped by the 50-day SMA on H4 around 110.62.

 

[AngieB]

USD/JPY is showing strong upward strength and seems that bulls are back. The new targets for the upside are located at 111.45 and 111.54-111.64 zone.

 

[izzy_63]

Bulls seem unstoppable, immediate resistance around 111.40/50.