“¢ The pair’s attempted recovery, along side an ascending trend-channel, constituted towards the formation of a bearish continuation – flag chart pattern on intraday charts.
“¢ Technical indicators on the 1-hourly chart have moved out of oversold territory and a breakthrough the pattern support sets the stage for a resumption of the bearish trend.
“¢ However, oscillators on 4-hourly/daily charts remain in oversold zone and hence, any subsequent fall might continue to find decent support near the very important 200-day SMA.
USD/JPY 30-mins. chart
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USD/JPY
Overview:
Today Last Price: 111.08
Today Daily change: -14 pips
Today Daily change %: -0.126%
Today Daily Open: 111.22
Trends:
Previous Daily SMA20: 113.09
Previous Daily SMA50: 112.97
Previous Daily SMA100: 112.4
Previous Daily SMA200: 110.88
Levels:
Previous Daily High: 112.67
Previous Daily Low: 110.81
Previous Weekly High: 113.71
Previous Weekly Low: 112.24
Previous Monthly High: 114.25
Previous Monthly Low: 112.3
Previous Daily Fibonacci 38.2%: 111.52
Previous Daily Fibonacci 61.8%: 111.96
Previous Daily Pivot Point S1: 110.46
Previous Daily Pivot Point S2: 109.71
Previous Daily Pivot Point S3: 108.6
Previous Daily Pivot Point R1: 112.32
Previous Daily Pivot Point R2: 113.43
Previous Daily Pivot Point R3: 114.18
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