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USD/JPY Technical Analysis: teasing a bull flag breakout

  • The bull flag breakout seen in the USD/JPY's 15-minute chart indicates a resumption of the rally from 112.60 and has opened up upside toward 113.85 (target as per the measured height method).
  • That only adds to the bullish view put forward by the pair's strong bounce from the crucial 100-day moving average (MA) yesterday. Moreover, the long-term average caught lows on a closing basis in May, August, September, and October.

15-minute chart

 

Trend: Bullish                           

USD/JPY

Overview:
    Today Last Price: 113.12
    Today Daily change: -16 pips
    Today Daily change %: -0.141%
    Today Daily Open: 113.28
Trends:
    Previous Daily SMA20: 113.2
    Previous Daily SMA50: 113.04
    Previous Daily SMA100: 112.28
    Previous Daily SMA200: 110.61
Levels:
    Previous Daily High: 113.3
    Previous Daily Low: 112.24
    Previous Weekly High: 113.83
    Previous Weekly Low: 112.23
    Previous Monthly High: 114.25
    Previous Monthly Low: 112.3
    Previous Daily Fibonacci 38.2%: 112.89
    Previous Daily Fibonacci 61.8%: 112.64
    Previous Daily Pivot Point S1: 112.58
    Previous Daily Pivot Point S2: 111.88
    Previous Daily Pivot Point S3: 111.53
    Previous Daily Pivot Point R1: 113.64
    Previous Daily Pivot Point R2: 113.99
    Previous Daily Pivot Point R3: 114.69

 

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