#USDJPY @ 149.935 Japanese yen soars suddenly across the board on potential intervention. (Pivot Orderbook analysis)
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- Japanese yen soars suddenly across the board on potential intervention.
- Volatility at extreme levels in JPY crosses.
- USD/JPY falls 300 pips from the top, find support so far around 149.00.
The pair currently trades last at 149.935.
The previous day high was 150.29 while the previous day low was 149.55. The daily 38.2% Fib levels comes at 150.01, expected to provide resistance. Similarly, the daily 61.8% fib level is at 149.83, expected to provide support.
The USD/JPY lost three hundred pips during the last minutes rising suspicion of an intervention from Japanese authorities. The pair rose to as high as 151.92 earlier on Friday, the highest level since August 1990 and it has recently dropped below 149.50.
The Bank of Japan and the Finance Minister could be behind the dramatic decline. The pair is now negative for the day and it could post the first decline in more than two weeks.
Analysts doubt about how successful could be an intervention while fundamental conditions remain the same with and ultra-accommodative Bank of Japan and the Federal Reserve rising aggressively interest rates.
Volatility at current times is at extreme level in USD/JPY, with the pair moving more than 30 pips by the minute.
Technical Levels: Supports and Resistances
USDJPY currently trading at 150.48 at the time of writing. Pair opened at 150.15 and is trading with a change of 0.22 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 150.48 |
| 1 | Today Daily Change | 0.33 |
| 2 | Today Daily Change % | 0.22 |
| 3 | Today daily open | 150.15 |
The pair remains strongly bullish on the daily timeframe. It trades above its 20 SMA @ 146.12, 50 SMA 142.36, 100 SMA @ 138.81 and 200 SMA @ 130.19.
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 146.12 |
| 1 | Daily SMA50 | 142.36 |
| 2 | Daily SMA100 | 138.81 |
| 3 | Daily SMA200 | 130.19 |
The previous day high was 150.29 while the previous day low was 149.55. The daily 38.2% Fib levels comes at 150.01, expected to provide resistance. Similarly, the daily 61.8% fib level is at 149.83, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 149.71, 149.26, 148.97
- Pivot resistance is noted at 150.44, 150.73, 151.18
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 150.29 |
| Previous Daily Low | 149.55 |
| Previous Weekly High | 148.86 |
| Previous Weekly Low | 145.24 |
| Previous Monthly High | 145.90 |
| Previous Monthly Low | 138.78 |
| Daily Fibonacci 38.2% | 150.01 |
| Daily Fibonacci 61.8% | 149.83 |
| Daily Pivot Point S1 | 149.71 |
| Daily Pivot Point S2 | 149.26 |
| Daily Pivot Point S3 | 148.97 |
| Daily Pivot Point R1 | 150.44 |
| Daily Pivot Point R2 | 150.73 |
| Daily Pivot Point R3 | 151.18 |
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