USD/JPY Technical Analysis: Greenback sliding down near 110.00 handle

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USD/JPY daily chart

  • USD/JPY is trading below its main simple moving averages (SMAs) suggesting bearish momentum.

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.
  • A break below 110.80 can open the door to 109.20 support. 
  • To the upside, resistance is at 110.40 and 111.00 level.

Additional key levels

 

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