USD/JPY Technical Analysis: Sideways pattern emerging as market sentiment remains key driver

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  • USD/JPY remains tight with 1113.40 through Friday's early session, stuck in a tight range within Thursday's high/low spread.

USD/JPY, 15-Minute


	USD/JPY Technical Analysis: Sideways pattern emerging as market sentiment remains key driver

  • Hourly candles show the pair caught in a non-directional zone, constrained within the 50-hour and 200-hour moving averages as the pair goes trendless in the near-term.

USD/JPY, 1-Hour


	USD/JPY Technical Analysis: Sideways pattern emerging as market sentiment remains key driver

  • USD/JPY has been slowly tightening for two months, caught between higher lows and slightly lower highs from 114.00 to 112.50, and the challenge for markets will be to successfully establish a break-and-retest of either direction before setting off on a new trend.

USD/JPY, 4-Hour


	USD/JPY Technical Analysis: Sideways pattern emerging as market sentiment remains key driver

USD/JPY

Overview:
    Today Last Price: 113.38
    Today Daily change: -1.0 pips
    Today Daily change %: -0.00882%
    Today Daily Open: 113.39
Trends:
    Previous Daily SMA20: 113.36
    Previous Daily SMA50: 113.05
    Previous Daily SMA100: 112.22
    Previous Daily SMA200: 110.4
Levels:
    Previous Daily High: 113.69
    Previous Daily Low: 113.18
    Previous Weekly High: 113.24
    Previous Weekly Low: 112.3
    Previous Monthly High: 114.56
    Previous Monthly Low: 111.38
    Previous Daily Fibonacci 38.2%: 113.37
    Previous Daily Fibonacci 61.8%: 113.5
    Previous Daily Pivot Point S1: 113.15
    Previous Daily Pivot Point S2: 112.91
    Previous Daily Pivot Point S3: 112.64
    Previous Daily Pivot Point R1: 113.66
    Previous Daily Pivot Point R2: 113.93
    Previous Daily Pivot Point R3: 114.17

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