USD/JPY Technical Analysis: Stalemate just below the 113.00 figure

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  • USD/JPY is back into the 112.00-113.00 range as the market is ranging.
  • USD/JPY is just above the 200-period simple moving average and below the 113.00 level.  
  • If bulls can’t beak 113.00 then a retest of 112.55 level and possibly 112.00-112.17 zone can be in the making. The RSI is above 50, MACD is bearish while the Stochastic indicator is below the 50 line. 
  • A break back above 113.00 might invalidate the current bearish bias. 

USD/JPY 4-hour chart


	USD/JPY Technical Analysis: Stalemate just below the 113.00 figure

Main trend:               Neutral

Resistance 1:    113.00 figure
Resistance 2:    113.55 October 2 low
Resistance 3:    114.00 figure
Resistance 4:    114.57 October high

Support 1:    112.55 September 27 low
Support 2:    112.00-112.17 zone, figure and August 1 swing high
Support 3:    111.00 figure
Support 4:    110.35 September Low
Support 5:    109.75 August low

 
Additional key levels at a glance:

USD/JPY

Overview:
    Last Price: 112.86
    Daily change: 15 pips
    Daily change: 0.133%
    Daily Open: 112.71
Trends:
    Daily SMA20: 112.55
    Daily SMA50: 112.3
    Daily SMA100: 111.67
    Daily SMA200: 109.91
Levels:
    Daily High: 113.06
    Daily Low: 112.6
    Weekly High: 112.9
    Weekly Low: 111.38
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 112.77
    Daily Fibonacci 61.8%: 112.88
    Daily Pivot Point S1: 112.52
    Daily Pivot Point S2: 112.32
    Daily Pivot Point S3: 112.05
    Daily Pivot Point R1: 112.98
    Daily Pivot Point R2: 113.26
    Daily Pivot Point R3: 113.45

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