USD/JPY Technical Analysis: Dollar bulls looking to claim high ground

25
  • USD traders have continued a bullish recovery against the safe-haven Yen from last week's low as Dollar flows continue to edge bullish despite "overbought" calls.
  • NFP Friday looms ahead, action could tighten ahead of the major reading.
  • A messy resistance range well into the 112.00 region will likely see a clean bullish trend face stiff rejections.

USD/JPY Chart, 15-Minute


	USD/JPY Technical Analysis: Dollar bulls looking to claim high ground

Spot rate:  111.47
Relative change:  0.11%
High: 111.50
Low: 111.32
   
Trend: Bullish
   
Support 1: 111.32 (current day low)
Support 2: 110.90 (previous day low)
Support 3: 110.68 (previous week low)
   
Resistance 1: 111.53 (current week high)
Resistance 2: 111.82 (previous week high)
Resistance 3: 112.00 (major technical level)

LEAVE A REPLY

Please enter your comment!
Please enter your name here