Home USD/JPY Technical Analysis: Greenback collapses towards 110.00 handle on dovish FOMC

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USD/JPY Technical Analysis: Greenback collapses towards 110.00 handle on dovish FOMC

FX Street

Updated: 20 Mar. 2019 | 20:52

USD/JPY daily chart

USD/JPY is trading below the 100 and 200 SMAs suggesting bearish momentum.
The FOMC was much more dovish than expected sending USD down across the board.

USD/JPY 4-hour chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the medium-term.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the short-term.
The next key support is at the 110.00 level.
Resistances are at 111.00 and 111.30 level.

Additional key levels

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