Home USD/JPY Technical Analysis: Greenback slumps to daily lows near the 113.70 level as Wall Street bears keep the market in check
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USD/JPY Technical Analysis: Greenback slumps to daily lows near the 113.70 level as Wall Street bears keep the market in check

USD/JPY daily chart

  • USD/JPY is consolidating below the 114.00 figure for the fifth day in a row.  
  • The Stochastic indicator is in overbought condition.  

USD/JPY 4-hour chart

  • USD/JPY is trading in a bull trend above the 200-period simple moving average (SMA).  
  • USD/JPY has formed a potentially bearish wedge.  
  • Technical indicators are losing steam.

USD/JPY 30-minute chart

  • If bears break below 113.60 support it can open the door to 113.00 figure.  
  • The move down coincides with a move down on US indices and a US yields decelerating with the  10-year  note at 3.12%.  

 

Additional key levels at a glance:

USD/JPY

Overview:
       Last Price:  113.72
       Daily change:  -5.0  pips
       Daily change:  -0.0439%
       Daily Open:  113.77
Trends:
       Daily SMA20:  112.96
       Daily SMA50:  112.68
       Daily SMA100:  111.95
       Daily SMA200:  110.08
Levels:
       Daily High:  114.16
       Daily Low:  113.58
       Weekly High:  114.1
       Weekly Low:  112.94
       Monthly High:  114.56
       Monthly Low:  111.38
       Daily Fibonacci 38.2%:  113.94
       Daily Fibonacci 61.8%:  113.8
       Daily Pivot Point S1:  113.52
       Daily Pivot Point S2:  113.26
       Daily Pivot Point S3:  112.94
       Daily Pivot Point R1:  114.1
       Daily Pivot Point R2:  114.42
       Daily Pivot Point R3:  114.68

 

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