USD/JPY Technical Analysis: Quick drop into 113.00 reveals firm support
- The Dollar-Yen pair is steeply off of this week's early levels, dropping into the 113.00 handle in early Tuesday action after slipping from Monday's range around the 113.50 zone.
USD/JPY, 5-Minute
- The 113.40 region could prove to be a critical near-term level, as a retest of the area could confirm a bearish break of a rough descending triangle, and continued downside pressure remains limited with the 113.00 handle acting as firm resistance-turned-support over the past couple of weeks.
USD/JPY, 30-Minute
- In the medium-term, USD/JPY remains trapped within a sideways triangle, and lack of directional bias leaves the pair strung up on the 200-hour moving average, which will continue to act more like a magnet than a support-resistance level until a major trend break is made.
USD/JPY, 4-Hour
USD/JPY
Overview:
Today Last Price: 113.08
Today Daily change: -58 pips
Today Daily change %: -0.510%
Today Daily Open: 113.66
Trends:
Previous Daily SMA20: 113.4
Previous Daily SMA50: 113.08
Previous Daily SMA100: 112.25
Previous Daily SMA200: 110.46
Levels:
Previous Daily High: 113.83
Previous Daily Low: 113.37
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%: 113.55
Previous Daily Fibonacci 61.8%: 113.65
Previous Daily Pivot Point S1: 113.41
Previous Daily Pivot Point S2: 113.17
Previous Daily Pivot Point S3: 112.96
Previous Daily Pivot Point R1: 113.87
Previous Daily Pivot Point R2: 114.07
Previous Daily Pivot Point R3: 114.32