Home USD/JPY Technical Analysis: Greenback dropping to daily lows and approaching 110.00 figure

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USD/JPY Technical Analysis: Greenback dropping to daily lows and approaching 110.00 figure

FX Street

Published date: 9 Apr. 2019 | 15:07

USD/JPY daily chart

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

USD/JPY 4-hour chart

USD/JPY is trading below its 200 SMA suggesting a bearish bias in the medium-term.

USD/JPY 30-minute chart

USD/JPY broke below the 111.30 support as the market is trading below its main SMAs.
Bears are in a favorable position to target 110.80 key support.
Looking up, resistance is seen at 111.30 and 111.50 level.

Additional key levels

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