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USD/JPY New York Price Forecast: Dollar slumps near four-week’s lows vs. yen

  • USD/JPY is dropping sharply below the 110.00 figure as the market is nearing the 200-day SMA.
  • The level to beat for bears is the 108.25 support.
 
 

USD/JPY daily chart

 
USD/JPY is reversing down sharply from the 2020 tops while nearing the 200-day simple moving averages (SMA). 
 

USD/JPY four-hour chart

 
USD/JPY lost about 150 pips since the New York close on Thursday. The spot remains weak as sellers remain in control. The market as potentially rooom to fall further towards 108.25, 107.65 and the 107.35 level the way down. Resistances can be expected near the 108.78 and 109.34 levels
 
 
Resistance: 108.78, 109.34, 109.68
Support: 108.25, 107.65, 107.35
 
 
 

Additional key levels

USD/JPY

Overview
Today last price 108.52
Today Daily Change -1.32
Today Daily Change % -1.20
Today daily open 109.84
 
Trends
Daily SMA20 110.05
Daily SMA50 109.61
Daily SMA100 109.23
Daily SMA200 108.41
 
Levels
Previous Daily High 110.47
Previous Daily Low 109.69
Previous Weekly High 112.23
Previous Weekly Low 109.66
Previous Monthly High 110.29
Previous Monthly Low 107.65
Daily Fibonacci 38.2% 109.99
Daily Fibonacci 61.8% 110.18
Daily Pivot Point S1 109.53
Daily Pivot Point S2 109.22
Daily Pivot Point S3 108.75
Daily Pivot Point R1 110.31
Daily Pivot Point R2 110.78
Daily Pivot Point R3 111.09

 

 

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