USD/JPY technical analysis: 110.80/85 is the level to beat for buyers
5/6/2019 5:20:32 AM
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Despite recently bouncing off 110.30, the USD/JPY still remains under 14-week long support-line (now resistance) as it trades near 110.80.

  • 14-week old support-turned-resistance acts as an immediate upside barrier.
  • 109.80/75 seems strong support with 110.30 being an intermediate halt during the decline.
  • 14-week old support-turned-resistance acts as an immediate upside barrier.
  • 14-week old support-turned-resistance acts as an immediate upside barrier.
  • 109.80/75 seems strong support with 110.30 being an intermediate halt during the decline.
  • 109.80/75 seems strong support with 110.30 being an intermediate halt during the decline.

    Despite recently bouncing off 110.30, the USD/JPY still remains under 14-week long support-line (now resistance) as it trades near 110.80 while heading into the European session on Monday.

    USD/JPY

    With the failure to slip much beneath 100-day simple moving average (SMA), the pair is likely witnessing pullback to regain Friday levels provided it manages to rise past-110.80/85 trend-line.

    Should that happen, prices can rise to 111.00 and 111.30 but 200-day SMA level at 111.55 may limit further advances.

    In a case where the quote rallies beyond 111.55, the 112.10/20 region comprising multiple highs since early March could please buyers.

    Alternatively, the 109.80/75 support-zone including lows since February 11 could offer strong near-term support. Though, 110.30 may act as immediate rest for the pair.

    Given the bears keep ruling past-109.75, 38.2% Fibonacci retracement of its January – April upside near 109.50, followed by 109.00, can flash on the chart.

    Fibonaccichart

    USD/JPY daily chart

    USD/JPY daily chart

    Trend: Pullback expected

    Trend:

    Additional important levels

    Overview
    Today last price 110.76
    Today Daily Change -34 pips
    Today Daily Change % -0.31%
    Today daily open 111.1
     
    Trends
    Daily SMA20 111.68
    Daily SMA50 111.38
    Daily SMA100 110.64
    Daily SMA200 111.51
    Levels
    Previous Daily High 111.71
    Previous Daily Low 111.06
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 111.31
    Daily Fibonacci 61.8% 111.46
    Daily Pivot Point S1 110.87
    Daily Pivot Point S2 110.65
    Daily Pivot Point S3 110.23
    Daily Pivot Point R1 111.52
    Daily Pivot Point R2 111.93
    Daily Pivot Point R3 112.16

     

    Additional important levels

    Overview
    Today last price 110.76
    Today Daily Change -34 pips
    Today Daily Change % -0.31%
    Today daily open 111.1
     
    Trends
    Daily SMA20 111.68
    Daily SMA50 111.38
    Daily SMA100 110.64
    Daily SMA200 111.51
    Levels
    Previous Daily High 111.71
    Previous Daily Low 111.06
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 111.31
    Daily Fibonacci 61.8% 111.46
    Daily Pivot Point S1 110.87
    Daily Pivot Point S2 110.65
    Daily Pivot Point S3 110.23
    Daily Pivot Point R1 111.52
    Daily Pivot Point R2 111.93
    Daily Pivot Point R3 112.16

    Additional important levels

    Overview
    Today last price 110.76
    Today Daily Change -34 pips
    Today Daily Change % -0.31%
    Today daily open 111.1
     
    Trends
    Daily SMA20 111.68
    Daily SMA50 111.38
    Daily SMA100 110.64
    Daily SMA200 111.51
    Levels
    Previous Daily High 111.71
    Previous Daily Low 111.06
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 111.31
    Daily Fibonacci 61.8% 111.46
    Daily Pivot Point S1 110.87
    Daily Pivot Point S2 110.65
    Daily Pivot Point S3 110.23
    Daily Pivot Point R1 111.52
    Daily Pivot Point R2 111.93
    Daily Pivot Point R3 112.16

    Additional important levels

    Overview
    Today last price 110.76
    Today Daily Change -34 pips
    Today Daily Change % -0.31%
    Today daily open 111.1
     
    Trends
    Daily SMA20 111.68
    Daily SMA50 111.38
    Daily SMA100 110.64
    Daily SMA200 111.51
    Overview
    Today last price 110.76
    Today Daily Change -34 pips
    Today Daily Change % -0.31%
    Today daily open 111.1
    Overview Overview Overview Today last price 110.76 Today Daily Change -34 pips Today Daily Change % -0.31% Today daily open 111.1 Today last price 110.76 Today last price110.76110.76 Today Daily Change -34 pips Today Daily Change-34 pips-34 pips Today Daily Change % -0.31% Today Daily Change %-0.31%-0.31% Today daily open 111.1 Today daily open111.1111.1
     
    Trends
    Daily SMA20 111.68
    Daily SMA50 111.38
    Daily SMA100 110.64
    Daily SMA200 111.51
    Trends Trends Trends Daily SMA20 111.68 Daily SMA50 111.38 Daily SMA100 110.64 Daily SMA200 111.51 Daily SMA20 111.68 Daily SMA20111.68111.68 Daily SMA50 111.38 Daily SMA50111.38111.38 Daily SMA100 110.64 Daily SMA100110.64110.64 Daily SMA200 111.51 Daily SMA200111.51111.51
    Levels
    Previous Daily High 111.71
    Previous Daily Low 111.06
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 111.31
    Daily Fibonacci 61.8% 111.46
    Daily Pivot Point S1 110.87
    Daily Pivot Point S2 110.65
    Daily Pivot Point S3 110.23
    Daily Pivot Point R1 111.52
    Daily Pivot Point R2 111.93
    Daily Pivot Point R3 112.16
    Levels
    Previous Daily High 111.71
    Previous Daily Low 111.06
    Previous Weekly High 111.9
    Previous Weekly Low 111.05
    Previous Monthly High 112.4
    Previous Monthly Low 110.8
    Daily Fibonacci 38.2% 111.31
    Daily Fibonacci 61.8% 111.46
    Daily Pivot Point S1 110.87
    Daily Pivot Point S2 110.65
    Daily Pivot Point S3 110.23
    Daily Pivot Point R1 111.52
    Daily Pivot Point R2 111.93
    Daily Pivot Point R3 112.16
    Levels Levels Levels Previous Daily High 111.71 Previous Daily Low 111.06 Previous Weekly High 111.9 Previous Weekly Low 111.05 Previous Monthly High 112.4 Previous Monthly Low 110.8 Daily Fibonacci 38.2% 111.31 Daily Fibonacci 61.8% 111.46 Daily Pivot Point S1 110.87 Daily Pivot Point S2 110.65 Daily Pivot Point S3 110.23 Daily Pivot Point R1 111.52 Daily Pivot Point R2 111.93 Daily Pivot Point R3 112.16 Previous Daily High 111.71 Previous Daily High111.71111.71 Previous Daily Low 111.06 Previous Daily Low111.06111.06 Previous Weekly High 111.9 Previous Weekly High111.9111.9 Previous Weekly Low 111.05 Previous Weekly Low111.05111.05 Previous Monthly High 112.4 Previous Monthly High112.4112.4 Previous Monthly Low 110.8 Previous Monthly Low110.8110.8 Daily Fibonacci 38.2% 111.31 Daily Fibonacci 38.2%111.31111.31 Daily Fibonacci 61.8% 111.46 Daily Fibonacci 61.8%111.46111.46 Daily Pivot Point S1 110.87 Daily Pivot Point S1110.87110.87 Daily Pivot Point S2 110.65 Daily Pivot Point S2110.65110.65 Daily Pivot Point S3 110.23 Daily Pivot Point S3110.23110.23 Daily Pivot Point R1 111.52 Daily Pivot Point R1111.52111.52 Daily Pivot Point R2 111.93 Daily Pivot Point R2111.93111.93 Daily Pivot Point R3 112.16 Daily Pivot Point R3112.16112.16