USD/JPY Technical Analysis: The 109.20 bull target is hit and exceeded as USD bulls roar back post-NFP

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USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.
  • The US nonfarm payrolls (NFP) in January smashed expectations with 304K vs. 165K forecast.
  • As forecast, USD/JPY rallied up and the 109.20 target has been achieved. 


	USD/JPY Technical Analysis: The 109.20 bull target is hit and exceeded as USD bulls roar back post-NFP

USD/JPY 4-hour chart

  • USD/JPY is testing the 200 SMA.  


	USD/JPY Technical Analysis: The 109.20 bull target is hit and exceeded as USD bulls roar back post-NFP
USD/JPY 30-minute chart

  • USD/JPY staged an incredible recovery blasting through all SMAs to the upside. 
  • The level to beat for bulls is 109.50, if broken, then 109.90 and 110.10 come into play. 
  • On the way down, support is seen at 109.20, 108.90 and the 108.70 level.


	USD/JPY Technical Analysis: The 109.20 bull target is hit and exceeded as USD bulls roar back post-NFP

Additional key levels

USD/JPY

Overview:
    Today Last Price: 109.44
    Today Daily change: 52 pips
    Today Daily change %: 0.48%
    Today Daily Open: 108.92
Trends:
    Daily SMA20: 109.01
    Daily SMA50: 110.85
    Daily SMA100: 111.89
    Daily SMA200: 111.26
Levels:
    Previous Daily High: 109.08
    Previous Daily Low: 108.5
    Previous Weekly High: 110
    Previous Weekly Low: 109.14
    Previous Monthly High: 110
    Previous Monthly Low: 104.75
    Daily Fibonacci 38.2%: 108.72
    Daily Fibonacci 61.8%: 108.86
    Daily Pivot Point S1: 108.58
    Daily Pivot Point S2: 108.24
    Daily Pivot Point S3: 107.99
    Daily Pivot Point R1: 109.17
    Daily Pivot Point R2: 109.42
    Daily Pivot Point R3: 109.76

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