“¢ The pair extended its intraday sharp retracement slide from fresh one-month tops and momentarily slipped back below the 113.00 handle in the last hour.
“¢ Weakness break below 50/100-hour SMA was seen as a key trigger for bearish traders, though the downfall seems to have found some support near 200-hour EMA.
“¢ Technical indicators on the 1-hourly chart have been gaining negative momentum and point to an extension of the intraday steep decline led by the US midterm election results.
“¢ A decisive break through the mentioned support and a subsequent fall below 38.2% Fibonacci level of the 111.38-113.82 recent upsurge, will add credence to the bearish outlook.
USD/JPY 1-hourly chart
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USD/JPY
Overview:
Last Price: 113.07
Daily change: -39 pips
Daily change: -0.344%
Daily Open: 113.46
Trends:
Daily SMA20: 112.55
Daily SMA50: 112.43
Daily SMA100: 111.76
Daily SMA200: 109.97
Levels:
Daily High: 113.51
Daily Low: 113.1
Weekly High: 113.4
Weekly Low: 111.78
Monthly High: 114.56
Monthly Low: 111.38
Daily Fibonacci 38.2%: 113.35
Daily Fibonacci 61.8%: 113.25
Daily Pivot Point S1: 113.2
Daily Pivot Point S2: 112.94
Daily Pivot Point S3: 112.79
Daily Pivot Point R1: 113.62
Daily Pivot Point R2: 113.77
Daily Pivot Point R3: 114.03
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