Home USD/JPY Technical Analysis: Set-up points to extension of the corrective slide ahead of FOMC minutes
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USD/JPY Technical Analysis: Set-up points to extension of the corrective slide ahead of FOMC minutes

   “¢   The pair’s intraday attempted rebound quickly ran out of steam ahead of 100-hour SMA, with bears now targeting the lower end of the daily trading range.  

USD/JPY 1-hourly chart

   “¢   Looking at the shorter timeframe, the pair has now broken below an intraday bearish flag chart pattern and hence, remains vulnerable to extend the downfall.

5-mins. chart

   “¢   Technical indicators on hourly charts maintain their bearish bias and further support prospects for an extension of the ongoing corrective slide from 2-week tops.

USD/JPY

Overview:
       Today Last Price:  113.27
       Today Daily change:  -36  pips
       Today Daily change %:  -0.317%
       Today Daily Open:  113.63
Trends:
       Previous Daily SMA20:  113.33
       Previous Daily SMA50:  113.03
       Previous Daily SMA100:  112.21
       Previous Daily SMA200:  110.37
Levels:
       Previous Daily High:  114.04
       Previous Daily Low:  113.44
       Previous Weekly High:  113.24
       Previous Weekly Low:  112.3
       Previous Monthly High:  114.56
       Previous Monthly Low:  111.38
       Previous Daily Fibonacci 38.2%:  113.67
       Previous Daily Fibonacci 61.8%:  113.81
       Previous Daily Pivot Point S1:  113.37
       Previous Daily Pivot Point S2:  113.1
       Previous Daily Pivot Point S3:  112.77
       Previous Daily Pivot Point R1:  113.97
       Previous Daily Pivot Point R2:  114.3
       Previous Daily Pivot Point R3:  114.57

 

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