Home USD/JPY Technical Analysis: Greenback reverses weekly gains as Fed leaves the target for fed funds rate unchanged
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USD/JPY Technical Analysis: Greenback reverses weekly gains as Fed leaves the target for fed funds rate unchanged

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.
  • FOMC keeps the target for fed funds rate unchanged at 2.25% – 2.5% range.

USD/JPY 4-hour chart

  • USD/JPY is trading below the 50 and 200 SMA suggesting bearish momentum in the medium-term.  

USD/JPY 30-minute chart

  • USD/JPY bears are reversing the weekly gains and en route towards the 109.00 figure.  
  • USD/JPY needs to break 109.10 support to extend losses towards 108.70 level.

Additional key levels

USD/JPY

Overview:
       Today Last Price:  109.26
       Today Daily change:  -18  pips
       Today Daily change %:  -0.08%
       Today Daily Open:  109.35
Trends:
       Daily SMA20:  108.95
       Daily SMA50:  111.01
       Daily SMA100:  111.94
       Daily SMA200:  111.26
Levels:
       Previous Daily High:  109.55
       Previous Daily Low:  109.13
       Previous Weekly High:  110
       Previous Weekly Low:  109.14
       Previous Monthly High:  113.83
       Previous Monthly Low:  109.55
       Daily Fibonacci 38.2%:  109.29
       Daily Fibonacci 61.8%:  109.39
       Daily Pivot Point S1:  109.14
       Daily Pivot Point S2:  108.92
       Daily Pivot Point S3:  108.72
       Daily Pivot Point R1:  109.55
       Daily Pivot Point R2:  109.76
       Daily Pivot Point R3:  109.97

 

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