“¢ The pair finally broke down of its overnight consolidative trading range and has now dropped to test a short-term ascending trend-line support, held over the past one week or so.
“¢ The fact that the pair has now found acceptance below 50-hour SMA, along with bearish technical indicators on the 1-hourly chart support prospects for an eventual bearish break.
“¢ However, positive oscillators on the 4-hourly chart make it prudent to wait for a convincing break through the mentioned support before positioning for additional depreciating move.
USD/JPY 1-hourly chart
-636837413044886131.png)
USD/JPY
Overview:
Today Last Price: 109.42
Today Daily change %: -0.24%
Today Daily Open: 109.68
Trends:
Daily SMA20: 109.21
Daily SMA50: 111.45
Daily SMA100: 112.05
Daily SMA200: 111.2
Levels:
Previous Daily High: 109.78
Previous Daily Low: 109.47
Previous Weekly High: 109.9
Previous Weekly Low: 107.99
Previous Monthly High: 113.83
Previous Monthly Low: 109.55
Daily Fibonacci 38.2%: 109.66
Daily Fibonacci 61.8%: 109.59
Daily Pivot Point S1: 109.51
Daily Pivot Point S2: 109.34
Daily Pivot Point S3: 109.21
Daily Pivot Point R1: 109.81
Daily Pivot Point R2: 109.94
Daily Pivot Point R3: 110.11
Share
