Home USD/JPY Technical Analysis: Greenback weakening below 109.40 against the Japanese Yen
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USD/JPY Technical Analysis: Greenback weakening below 109.40 against the Japanese Yen

USD/JPY daily chart

  • USD/JPY is having a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs).

USD/JPY 4-hour chart

  • USD/JPY is trading below the 50 and 200 SMAs suggesting somewhat bearish momentum in the medium-term.

USD/JPY 30-minute chart

  • USD/JPY broke below the 109.40 level and is trading below its main SMAs suggesting bearish momentum in the near-term.
  • If the bears keep going the next levels to watch become 109.10 and  108.95 to the downside.  
  • Resistance is seen at 109.70 and the 110.00 level.

Additional key levels

USD/JPY

Overview:
       Today Last Price:  109.28
       Today Daily change:  -24  pips
       Today Daily change %:  -0.22%
       Today Daily Open:  109.52
Trends:
       Daily SMA20:  108.98
       Daily SMA50:  111.14
       Daily SMA100:  111.98
       Daily SMA200:  111.25
Levels:
       Previous Daily High:  109.95
       Previous Daily Low:  109.48
       Previous Weekly High:  110
       Previous Weekly Low:  109.14
       Previous Monthly High:  113.83
       Previous Monthly Low:  109.55
       Daily Fibonacci 38.2%:  109.66
       Daily Fibonacci 61.8%:  109.77
       Daily Pivot Point S1:  109.35
       Daily Pivot Point S2:  109.18
       Daily Pivot Point S3:  108.88
       Daily Pivot Point R1:  109.82
       Daily Pivot Point R2:  110.12
       Daily Pivot Point R3:  110.29

 

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