USD/JPY chart - Trading View
- USD/JPY pauses gains at 200-DMA at 111.46, break above required for further upside.
- The major is trading in an extremely narrow range, with session highs at 111.45 and lows at 111.28.
- Technical studies support upside. Stochs and RSI are biased higher. MACD is on verge of bullish crossover on signal line.
- The pair has bounced off cloud support and breakout at 200-DMA eyes 76.4% Fib at 112.21.
- Immediate support lies at 5-DMA at 110.93. Break below cloud to see further downside.
Support levels - 111, 110.93 (5-DMA), 110.30 (cloud top)
Resistance levels - 111.46 (200-DMA), 111.60 (trendline), 112.21 (76.4% Fib)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
