Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
USDJPY Price Levels To Watch

USDJPY Price Levels To Watch

Paul Robinson, Strategist

Talking Points:

- USDJPY price contained on two timeframes

- Key levels: Support at 11717/11600/11500, Resistance at 11886/11950

- Daily chart: Topping pattern or repeating triangle theme?

In the past week, swings in USDJPY have become muted. Focusing on congestion in two timeframes – Hourly and Daily. On the hourly chart, price has become contained between support at 11717 and resistance at 11886; on the daily chart these levels are 11550/11600 and 11950, respectively. The daily resistance is in the form of a downward sloping trend-line, so keep in mind this level decreases with each daily close.

At this juncture it is unclear as to whether price action beginning in early December will result in a topping pattern (series of lower highs) or a bullish descending triangle. It will take a bit more time for a triangle to develop, but should this occur it will be a repeating theme going on since 2012.

USDJPY Daily/Hourly

---Written by Paul Robinson, DailyFX Research

To contact Paul, you can email him at

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.