The USDJPY currency pair has found stability at a level of 138.983, with assistance from the Ichimoku Cloud and the 100-day Exponential Moving Average.
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- USD/JPY stabilized, aided by Ichimoku Cloud and 100-day EMA.
The pair currently trades last at 138.983.
The previous day high was 139.41 while the previous day low was 138.0. The daily 38.2% Fib levels comes at 138.54, expected to provide support. Similarly, the daily 61.8% fib level is at 138.87, expected to provide support.
USD/JPY seesaws around the top/bottom of the 138.00 figure as the Ichimoku Cloud (Kumo) cushions the USD/JPY’s pair fall. That, alongside the 100-day Exponential Moving Average (EMA) at 138.31, maintains the USD/JPY afloat, which trades at around 138.83 after hitting a daily low of 137.67.
The USD/JPY daily chart portrays the pair making a base after reaching a month-and-a-half low of 137.23 on July 14. Since then, the USD/JPY has not fallen below 137.50, but price action shows neither buyers nor sellers are in control. Nevertheless, if USD/JPY buyers would like to push prices higher, they will need to reclaim the 50-day Exponential Moving Average (EMA) at 139.99 before challenging the confluence of the 20 and 200-day EMAs at the 140.89/95 range.
For a bearish continuation, USD/JPY sellers would need to crack 138.00, followed by the current month’s low of 137.24, before slumping to the 137.00 psychological figure. Once cleared, the USD/JPY next support emerges at the 200-day EMA 136.47.
Technical Levels: Supports and Resistances
USDJPY currently trading at 138.82 at the time of writing. Pair opened at 138.72 and is trading with a change of 0.07 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 138.82 |
| 1 | Today Daily Change | 0.10 |
| 2 | Today Daily Change % | 0.07 |
| 3 | Today daily open | 138.72 |
The pair is trading below its 20 Daily moving average @ 142.35, below its 50 Daily moving average @ 140.22 , above its 100 Daily moving average @ 137.04 and above its 200 Daily moving average @ 137.05
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 142.35 |
| 1 | Daily SMA50 | 140.22 |
| 2 | Daily SMA100 | 137.04 |
| 3 | Daily SMA200 | 137.05 |
The previous day high was 139.41 while the previous day low was 138.0. The daily 38.2% Fib levels comes at 138.54, expected to provide support. Similarly, the daily 61.8% fib level is at 138.87, expected to provide support.
Note the levels of interest below:
- Pivot support is noted at 138.0, 137.29, 136.59
- Pivot resistance is noted at 139.42, 140.12, 140.83
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 139.41 |
| Previous Daily Low | 138.00 |
| Previous Weekly High | 143.00 |
| Previous Weekly Low | 137.24 |
| Previous Monthly High | 145.07 |
| Previous Monthly Low | 138.43 |
| Daily Fibonacci 38.2% | 138.54 |
| Daily Fibonacci 61.8% | 138.87 |
| Daily Pivot Point S1 | 138.00 |
| Daily Pivot Point S2 | 137.29 |
| Daily Pivot Point S3 | 136.59 |
| Daily Pivot Point R1 | 139.42 |
| Daily Pivot Point R2 | 140.12 |
| Daily Pivot Point R3 | 140.83 |
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