News

USD/JPY technical analysis: Greenback is at daily lows against Yen, near 107.30 level

  • USD/JPY is weakening as the market is dropping from the September highs. 
  • The level to beat for sellers is the 107.22 support level.
 

USD/JPY daily chart

 
 
USD/JPY is in a downtrend below its 100/200-day simple moving averages (SMA). The market is currently retreating down from the September highs. 
 
 

USD/JPY 4-hour chart

 
 
USD/JPY is trading below the 50 and 100 SMAs, suggesting a consolidation down in the medium term. On the way down, a break of 107.22 can expose the 106.88 support, according to the Technical Confluences Indicator
 

USD/JPY 30-minute chart

 
 
USD/JPY is trading below its main SMAs, suggesting a downward bias in the near term. Immediate resistances are seen at the 107.50 and 107.88 price levels, according to the Technical Confluences Indicator. 
 

Additional key levels

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.