Home USD/JPY Technical Analysis: Greenback on the back foot trading sub-110.50 level

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USD/JPY Technical Analysis: Greenback on the back foot trading sub-110.50 level

FX Street

Published date: 8 Apr. 2019 | 16:27

USD/JPY daily chart

USD/JPY is consolidating below its 200-day simple moving average (SMA).

USD/JPY 4-hour chart

USD/JPY is trading above its main SMAs suggesting a bullish bias in the medium-term.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMA suggesting bearish momentum in the short-term.
Bears are pressuring the daily lows and they need to break below 111.30 to reach 110.80 key support.
Looking up, resistance can be expected at 111.50 and 111.80 level.

Additional key levels

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