Home USD/JPY Technical Analysis: Fed’s Powell hammers down the Greenback – 113.15 bear target
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USD/JPY Technical Analysis: Fed’s Powell hammers down the Greenback – 113.15 bear target

USD/JPY daily chart

  • USD/JPY is trading in a bull trend above its main simple moving averages (SMAs).
  • The RSI and stochastic are trading above the 50 line while the MAVCD is decelerating.


USD/JPY 4-hour chart

  • USD/JPY sold off 60 pips on the back of comments from Fed’s Powell strongly rejecting the 114.00 figure in the process.
  • Key support is seen all the way back down to 112.60.  
  • Technical indicators are decelerating suggesting that the market might slow down below the 114.00 figure.


USD/JPY 30-minute chart

  • USD/JPY broke below the 50 and 100 SMA as technical indicators turned bearish.  
  • If the bears keep the momentum going the next key target to the downside is seen at the 113.15 level.  

Additional key levels

USD/JPY

Overview:
       Today Last Price:  113.63
       Today Daily change:  -15  pips
       Today Daily change %:  -0.132%
       Today Daily Open:  113.78
Trends:
       Previous Daily SMA20:  113.29
       Previous Daily SMA50:  113
       Previous Daily SMA100:  112.2
       Previous Daily SMA200:  110.33
Levels:
       Previous Daily High:  113.84
       Previous Daily Low:  113.41
       Previous Weekly High:  113.24
       Previous Weekly Low:  112.3
       Previous Monthly High:  114.56
       Previous Monthly Low:  111.38
       Previous Daily Fibonacci 38.2%:  113.68
       Previous Daily Fibonacci 61.8%:  113.58
       Previous Daily Pivot Point S1:  113.51
       Previous Daily Pivot Point S2:  113.24
       Previous Daily Pivot Point S3:  113.08
       Previous Daily Pivot Point R1:  113.94
       Previous Daily Pivot Point R2:  114.11
       Previous Daily Pivot Point R3:  114.38

 

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