USD/JPY Asia Price Forecast: Dollar remains vulnerable vs. yen, trades above 110.00 figure

USD/JPY is in consolidation mode following the recent drop.
The level to beat for sellers is the 110.00 figure.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in an ascending channel while trading above the main daily simple moving averages (SMAs). The quote is retracing down after a huge breakout last week.

USD/JPY four-hour chart

USD/JPY is consolidating the recent decline in the 110.00/110.60 band while trading between the 50 and the 100 SMAs. As the spot remains vulnerable to the downside, the sellers could pressure the 110.00 support for a drop towards the 109.40 and 108.60 on the way down. Resistances are seen near the 110.65 level and the 111.00 figure.

Resistance: 110.65, 111.00, 111.40

Support: 110.00, 109.40, 108.60

Additional key levels

USD/JPY

Overview
Today last price	110.32
Today Daily Change	0.20
Today Daily Change %	0.18
Today daily open	110.12

Trends
Daily SMA20	109.94
Daily SMA50	109.58
Daily SMA100	109.18
Daily SMA200	108.41

Levels
Previous Daily High	111.04
Previous Daily Low	109.89
Previous Weekly High	112.23
Previous Weekly Low	109.66
Previous Monthly High	110.29
Previous Monthly Low	107.65
Daily Fibonacci 38.2%	110.33
Daily Fibonacci 61.8%	110.6
Daily Pivot Point S1	109.66
Daily Pivot Point S2	109.2
Daily Pivot Point S3	108.51
Daily Pivot Point R1	110.81
Daily Pivot Point R2	111.5
Daily Pivot Point R3	111.96

Author

Flavio Tosti

Independent Analyst

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