• Daily technical analysis for USD / JPY

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7 December 2016

Daily technical analysis for USD / JPY

Resistance 3: Y115.83 (9 February high)

Resistance 2: Y115.26 (10 February high)

Resistance 1: Y114.82 (1 December high)

Current price: Y114.01

Support 1: Y112.87 (5 December low)

Support 2: Y112.06 (30 of November low)

Support 3: Y110.84 (23 of November low)

On the hour, four-hour and daily chart the pair is trading above the MA 200. In addition, 14-day relative strength index (RSI (14) on the D1), above the level of 70 that signals a possible reversal.

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