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5 Sep 2018
USD/JPY Technical Analysis: Dollar bulls looking to claim high ground
- USD traders have continued a bullish recovery against the safe-haven Yen from last week's low as Dollar flows continue to edge bullish despite "overbought" calls.
- NFP Friday looms ahead, action could tighten ahead of the major reading.
- A messy resistance range well into the 112.00 region will likely see a clean bullish trend face stiff rejections.
USD/JPY Chart, 15-Minute
| Spot rate: | 111.47 |
| Relative change: | 0.11% |
| High: | 111.50 |
| Low: | 111.32 |
| Trend: | Bullish |
| Support 1: | 111.32 (current day low) |
| Support 2: | 110.90 (previous day low) |
| Support 3: | 110.68 (previous week low) |
| Resistance 1: | 111.53 (current week high) |
| Resistance 2: | 111.82 (previous week high) |
| Resistance 3: | 112.00 (major technical level) |