- Dollar back down against the Yen, breaking the bullish trendline.
- Hourly indicators have hit oversold readings quickly, short traders should look for a reload off of a continuation after indicators cycle over.
- US-China tariffs drop on June 6th, safe-haven Yen likely to remain well bid in the run-up.
| Spot rate: | 110.51 |
| Relative change: | -0.03% |
| High: | 110.59 |
| Low: | 110.47 |
| Trend: | Bearish |
| Support 1: | 110.04 (61.8% Fibo retracement level) |
| Support 2: | 109.75 (S1 weekly pivot) |
| Support 3: | 109.36 (June 26th low; technical bottom) |
| Resistance 1: | 111.13 (one week high; technical top) |
| Resistance 2: | 111.39 (May swing high) |
| Resistance 3: | 111.64 (R3 daily pivot) |
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