The USD/JPY bounced off a two-week low and climbed toward the 153.90ish area, shy of decisively cracking the 154.00 mark. It is trading with gains of more than 0.60%. The market sentiment is upbeat, a headwind for safe-haven currencies like the Japanese Yen (JPY).
The USD/JPY remains upward biased. On Friday, the pair hit the two-week low of 151.99, though finished the session at 152.97, forming a ‘hammer,’ a candlestick chart pattern. This chart pattern is bullish when preceded by a downtrend, but it needs to be followed by a candle that breaches the ‘hammer’s’ high.
With that said, the USD/JPY cleared the May 3 high at 153.80, opening the door for further gains. Therefore, the first resistance would be the 154.00 mark. Once cleared, up next would be the Tenkan-Sen at 155.52, followed by the Senkou Span A at 155.78. Further gains are seen at 156.05.
For a bearish resumption, sellers must clear the 50-DMA at 151.99, which could pave the way to testing the following lowest low at 150.81.
Overview | |
---|---|
Today last price | 153.93 |
Today Daily Change | 0.89 |
Today Daily Change % | 0.58 |
Today daily open | 153.04 |
Trends | |
---|---|
Daily SMA20 | 154.52 |
Daily SMA50 | 151.93 |
Daily SMA100 | 149.21 |
Daily SMA200 | 148.42 |
Levels | |
---|---|
Previous Daily High | 153.78 |
Previous Daily Low | 151.86 |
Previous Weekly High | 160.32 |
Previous Weekly Low | 151.86 |
Previous Monthly High | 160.32 |
Previous Monthly Low | 150.81 |
Daily Fibonacci 38.2% | 152.59 |
Daily Fibonacci 61.8% | 153.05 |
Daily Pivot Point S1 | 152 |
Daily Pivot Point S2 | 150.97 |
Daily Pivot Point S3 | 150.08 |
Daily Pivot Point R1 | 153.93 |
Daily Pivot Point R2 | 154.81 |
Daily Pivot Point R3 | 155.85 |
Keep up with the financial markets, know what's happening and what is affecting the markets with our latest market updates. Analyze market movers, trends and build your trading strategies accordingly.