Technicals

Add as a preferred source on Google

FxWirePro: USD/JPY slips from day's high, strong resistance seen at 120.75 (200 DMA)

Investors tentatively stepped back into equities, tempering demand for the Japanese Yen The dollar climbed against the yen on Thursday to day's high by 120.69, strong resistance seen at 120.75 (200 DMA) USD/JPY is curren…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • Investors tentatively stepped back into equities, tempering demand for the Japanese Yen

  • The dollar climbed against the yen on Thursday to day's high by 120.69, strong resistance seen at 120.75 (200 DMA)

  • USD/JPY is currently trading at 120.43, with immediate resistance at 120.72 (Kijun-Sen) and support on the downside at 119.70 (61.8% Fibo 116.15-121.76)

  • Continued Chinese market closure on Friday to reduce volatility in the region's financial markets ahead of the closely watched U.S. non-farm payrolls report due that day

Resistance Levels:

R1: 120.72 (Kijun-Sen)

R2: 120.75 (200 DMA)

R3: 120.91 (Hourly High Sep 1)

Support Levels:

S1: 119.70 (61.8% Fibo 116.15-121.76)

S2: 119.23 (Daily Low Sep 2)

S3: 119.00 (Psychological Level)

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560