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USD/JPY Technical Analysis: Post-NFP action support prospects for additional gains to 109.00 handle

   •  The pair continued with its steady recovery from the overnight flash crash to nine-month lows and has been trending along an ascending channel on the 1-hourly chart.

   •  The post-NFP bump back closer to session tops and the pair's ability to find acceptance above 50-hour SMA support prospects for an extension of the recovery move. 

   •  Technical indicators on the mentioned chart have been gaining positive traction and further reinforce the constructive outlook towards reclaiming the 109.00 handle.

   •  Meanwhile, the lagging effect of bearish oscillators on 4-hourly/daily charts seems unlikely to hinder the positive momentum but might keep a lid on any runaway rally.

USD/JPY 1-hourly chart

USD/JPY

Overview:
    Today Last Price: 108.41
    Today Daily change: 89 pips
    Today Daily change %: 0.828%
    Today Daily Open: 107.52
Trends:
    Previous Daily SMA20: 111.45
    Previous Daily SMA50: 112.5
    Previous Daily SMA100: 112.3
    Previous Daily SMA200: 111.09
Levels:
    Previous Daily High: 109.12
    Previous Daily Low: 104.75
    Previous Weekly High: 111.41
    Previous Weekly Low: 110
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Previous Daily Fibonacci 38.2%: 106.42
    Previous Daily Fibonacci 61.8%: 107.45
    Previous Daily Pivot Point S1: 105.14
    Previous Daily Pivot Point S2: 102.75
    Previous Daily Pivot Point S3: 100.76
    Previous Daily Pivot Point R1: 109.52
    Previous Daily Pivot Point R2: 111.51
    Previous Daily Pivot Point R3: 113.89

 

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