- USD/JPY is trading in a bull trend above the 200-period simple moving average.
- USD/JPY bulls objective is to break above 113.00 resistance. Technical indicators remain in positive territories suggesting bullish continuation. However, the bulls will need to overcome the 100-perios simple moving average (SMA) to continue their move up.
- A break below 112.00 would likely invalidate the current bullish bias.
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Spot rate: 112.78
Relative change: 0.21%
High: 112.90
Low: 112.34
Main trend: Bullish
Resistance 1: 113.00 figure
Resistance 2: 113.55 October 2 low
Resistance 3: 113.55 October 2 low
Resistance 4: 114.00 figure
Resistance 5: 114.80 November 2017 high
Resistance 6: 115.50 March 10, 2017 high
Support 1: 112.55 September 27 low
Support 2: 112.00-112.17 zone, figure and August 1 swing high
Support 3: 111.84 August 29 swing high
Support 4: 111.00 figure
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