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USD/JPY New York Price Forecast: Dollar vulnerable vs. yen, trades near 110.60 level

  • USD/JPY is down for the third consecutive day after last week’s massive move up.
  • The level to beat for bears is the 110.65/35 support zone. 
 

USD/JPY daily chart

 
USD/JPY is trading in a bull channel while above its main daily simple moving averages (SMAs). The spot is correcting down after a massive surge last week.
 

USD/JPY four-hour chart

 
Dollar/Yen is consolidating the Monday's losses as the spot is trading in the 110.65/35 support zone. Sellers are probably looking of an extension of the bear move to the 110.35 and 109.80 levels. Resistance can be found near the 111.65 level and the 112.00 figure, according to the Technical Confluences Indicator.    
 
 
 
Resistance: 111.65, 112.00, 112.46
Support: 110.65, 110.35, 109.80
 
 

Additional key levels

USD/JPY

Overview
Today last price111.59
Today Daily Change0.86
Today Daily Change %0.78
Today daily open110.73
 
Trends
Daily SMA20109.89
Daily SMA50109.57
Daily SMA100109.15
Daily SMA200108.41
 
Levels
Previous Daily High111.68
Previous Daily Low110.33
Previous Weekly High112.23
Previous Weekly Low109.66
Previous Monthly High110.29
Previous Monthly Low107.65
Daily Fibonacci 38.2%110.85
Daily Fibonacci 61.8%111.17
Daily Pivot Point S1110.15
Daily Pivot Point S2109.56
Daily Pivot Point S3108.79
Daily Pivot Point R1111.5
Daily Pivot Point R2112.27
Daily Pivot Point R3112.85

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

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