USDJPY Technical Levels

[fxstrategist]

The rally on the USDJPY continues and the price may reach the 113.00 level, but pay attention to a possible bearish bounce from that level.

 

[AngieB]

USD/JPY marked today a fresh 2-month high of 112.97 and according to indicators ont he four hour time frame seems ready to challenge July's high at 113.17.

 

[izzy_63]

Usd/Jpy bullish trend is still going strong, even though the pair is consolidating its gains for now. Next target is at 113.20 and I don't see any sign bulls giving up.

 

[AngieB]

USD/JPY is fighting with the 113.00 handle ahead of FOMC decision. On the four hour time frame indicators are starting to gain negative traction, albeit the price reamins above its bullish moving averages.

 

[izzy_63]

While Usd/Jpy remains positive, the pair has found psychological resistance level at 113.00 and 112 level as support. Correction movements might continue within the range.

 

[AngieB]

USD/JPY jumped to 8-month highs today and reached 113.46. The pair is now holding around its daily high and the situation is suggesting that buyers are willing to keep pushing it higher. Strong static resistance is offered by the 113.90 level, as the pair topped right below the level several times by the end of 2017. The four hour time frame is showing possible another leg higher, as indicators extended their advances within positive territory,with the stochastic nears overbought readings, RSI staying flat around 70 level and the pair is developing far beyond its bullish moving averages.

 

[fxstrategist]

Very good rally on the USDJPY, the pair may reach the 114.00 level, but in case of a pullback, the 113.00 level may change its role from resistance to support.

 

[izzy_63]

here is still room on the upside, critical resistance can be found at 113.70/80 zones, the pair could extend its gains if there is a breakout.

 

[AngieB]

USD/JPY pushed above 113.50 today as the major equity indexes in the U.S. started to erase the early losses they suffered. The short-term outlook remains bullish, as ont he foru hour time frame the price is consolidating at its recent highs and meanwhile well above bullish 100 and 200 SMA. Indicators have partially corrected overbought conditions but are trying to resume their advances nearby, indicating that buying interest remains strong. Support levels are seen at 113.20, 112.80 and 112.45. Resistance levels are: 113.85, 114.10 and 114.40.

 

[izzy_63]

Usd/Jpy is consolidating higher, the bullish trends remain strong. Next resistance is at 113.90/114.00 zone and follows by 114.40.