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
Today Last Price: 108.41
Today Daily change: 89 pips
Today Daily change %: 0.828%
Today Daily Open: 107.52
Previous Daily SMA20: 111.45
Previous Daily SMA50: 112.5
Previous Daily SMA100: 112.3
Previous Daily SMA200: 111.09
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