The currency pair USDJPY, currently at 146.155, is experiencing a drop in value as it hovers around 146.10, facing difficulties in continuing its upward momentum.
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- USD/JPY trades lower around 146.10, struggling to extend gains.
The pair currently trades last at 146.155.
The previous day high was 146.29 while the previous day low was 144.44. The daily 38.2% Fib levels comes at 145.59, expected to provide support. Similarly, the daily 61.8% fib level is at 145.15, expected to provide support.
USD/JPY struggles to extend the previous session’s gains, trading lower around 146.10 during the Asian session on Monday. The pair moves in sideways as traders adopt a cautious stance on monetary policy decision by the US Federal Reserve (Fed), following the mixed employment data from the United States (US) released on Friday.
The Moving Average Convergence Divergence (MACD) line remains above the centerline but lies below the signal line, which indicates that recent momentum is tepid.
The pair could face a challenge around 147.00 psychological level, followed by the area around the previous week’s high at 147.37.
On the flip side, the 14-day Exponential Moving Average (EMA) at 145.67 could act as immediate support, following the 21-day EMA at 145.19.
A firm break below the latter could inspire the USD/JPY sellers to navigate the region around 23.6% Fibonacci retracement at 144.98, following the 38.2% Fibonacci retracement at 143.50.
In the short term, the USD/JPY pair remains to be bullish as long as the 14-day Relative Strength Index (RSI) stays above 50.
Technical Levels: Supports and Resistances
USDJPY currently trading at 146.17 at the time of writing. Pair opened at 146.23 and is trading with a change of -0.04 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 146.17 |
| 1 | Today Daily Change | -0.06 |
| 2 | Today Daily Change % | -0.04 |
| 3 | Today daily open | 146.23 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 145.38, 50 SMA 143.23, 100 SMA @ 140.52 and 200 SMA @ 136.83.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 145.38 |
| 1 | Daily SMA50 | 143.23 |
| 2 | Daily SMA100 | 140.52 |
| 3 | Daily SMA200 | 136.83 |
The previous day high was 146.29 while the previous day low was 144.44. The daily 38.2% Fib levels comes at 145.59, expected to provide support. Similarly, the daily 61.8% fib level is at 145.15, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 145.02, 143.8, 143.16
- Pivot resistance is noted at 146.87, 147.51, 148.72
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 146.29 |
| Previous Daily Low | 144.44 |
| Previous Weekly High | 147.38 |
| Previous Weekly Low | 144.44 |
| Previous Monthly High | 147.38 |
| Previous Monthly Low | 141.51 |
| Daily Fibonacci 38.2% | 145.59 |
| Daily Fibonacci 61.8% | 145.15 |
| Daily Pivot Point S1 | 145.02 |
| Daily Pivot Point S2 | 143.80 |
| Daily Pivot Point S3 | 143.16 |
| Daily Pivot Point R1 | 146.87 |
| Daily Pivot Point R2 | 147.51 |
| Daily Pivot Point R3 | 148.72 |
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