USD/JPY is looking south, having charted a bearish lower high above 106.90 in Asia. Key hourly and daily chart indicators are also reporting bearish conditions. USD/JPY is currently trading at 106.77, representing 0.13% losses on the day, having clocked a high and low of 106.93 and 106.74, respectively, during the Asian trading hours. With the drop from 106.93 to 106.74, the pair has formed another lower high on the hourly chart – the third since topping out near 108.50 earlier this week. The hourly chart relative strength index (RSI) is looking to dive out of a rising trendline. Meanwhile, the 14-day RSI has dropped into the bearish territory below 50. Hence, the pair risks falling back to Thursday’s low of 106.48 in the European session. A deeper drop could be seen if the US Nonfarm Payrolls data for September, due at 12:30 GMT, prints below estimates, sending the greenback lower across the board. The bearish hourly chart setup would be invalidated if the pair rises above 106.96. Daily chart Hourly chart Trend: Bearish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold: Cautiously bid around $1510 ahead of the US NFP, Fedspeak FX Street 3 years USD/JPY is looking south, having charted a bearish lower high above 106.90 in Asia. Key hourly and daily chart indicators are also reporting bearish conditions. USD/JPY is currently trading at 106.77, representing 0.13% losses on the day, having clocked a high and low of 106.93 and 106.74, respectively, during the Asian trading hours. With the drop from 106.93 to 106.74, the pair has formed another lower high on the hourly chart - the third since topping out near 108.50 earlier this week. The hourly chart relative strength index (RSI) is looking to dive out of a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
