USD/JPY New York Price Forecast: Dollar capped below the 105.00 figure vs. yen

USD/JPY is in consolidation after the black Monday’s selloff.
The level to beat for bears is the 104.00 support.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is bouncing from three-year lows while below the simple moving averages (SMAs) as the equity markets are rebounding after a huge selloff on Monday.

USD/JPY four-hour chart

USD/JPY is consolidating the selloff below the 106.00 figure. The market is trading below its main SMAs, suggesting a bearish bias in the medium term. The break below 105.00 could lead to further losses towards the 104.00 and 103.30. Resistance is seen at the 105.00 and 106.00 figures.

Additional key levels

USD/JPY

Overview
Today last price	104.73
Today Daily Change	-0.91
Today Daily Change %	-0.86
Today daily open	105.64

Trends
Daily SMA20	108.8
Daily SMA50	109.13
Daily SMA100	109.05
Daily SMA200	108.31

Levels
Previous Daily High	105.92
Previous Daily Low	102.01
Previous Weekly High	108.58
Previous Weekly Low	105
Previous Monthly High	112.23
Previous Monthly Low	107.51
Daily Fibonacci 38.2%	104.43
Daily Fibonacci 61.8%	103.51
Daily Pivot Point S1	103.13
Daily Pivot Point S2	100.62
Daily Pivot Point S3	99.22
Daily Pivot Point R1	107.04
Daily Pivot Point R2	108.43
Daily Pivot Point R3	110.94

Author

Flavio Tosti

Independent Analyst

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