“¢ The pair struggled to build on its recovery move from near one-month lows and was now seen oscillating in a narrow trading band, just below 100-hour SMA.
“¢ Mixed technical indicators on hourly/daily charts seemed to be one of the key factors failing to assist the pair to build on its intraday positive momentum.
“¢ Hence, it would be prudent to wait for a sustained move beyond 100-hour SMA before confirming that the pair might have bottomed out in the near-term.
“¢ Alternatively, a sustained weakness back below 111.90 horizontal zone will reinforce bearish bias and turn the pair vulnerable to continue with its depreciating move.
-636752874967634900.png)
USD/JPY
Overview:
Last Price: 112.04
Daily change: 26 pips
Daily change: 0.233%
Daily Open: 111.78
Trends:
Daily SMA20: 112.98
Daily SMA50: 111.86
Daily SMA100: 111.31
Daily SMA200: 109.83
Levels:
Daily High: 112.25
Daily Low: 111.62
Weekly High: 113.96
Weekly Low: 111.83
Monthly High: 114.56
Monthly Low: 111.66
Daily Fibonacci 38.2%: 111.86
Daily Fibonacci 61.8%: 112.01
Daily Pivot Point S1: 111.51
Daily Pivot Point S2: 111.25
Daily Pivot Point S3: 110.88
Daily Pivot Point R1: 112.15
Daily Pivot Point R2: 112.52
Daily Pivot Point R3: 112.78
Share
