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.

Flavio Tosti Independent Analyst

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 price	111.59
Today Daily Change	0.86
Today Daily Change %	0.78
Today daily open	110.73

Trends
Daily SMA20	109.89
Daily SMA50	109.57
Daily SMA100	109.15
Daily SMA200	108.41

Levels
Previous Daily High	111.68
Previous Daily Low	110.33
Previous Weekly High	112.23
Previous Weekly Low	109.66
Previous Monthly High	110.29
Previous Monthly Low	107.65
Daily Fibonacci 38.2%	110.85
Daily Fibonacci 61.8%	111.17
Daily Pivot Point S1	110.15
Daily Pivot Point S2	109.56
Daily Pivot Point S3	108.79
Daily Pivot Point R1	111.5
Daily Pivot Point R2	112.27
Daily Pivot Point R3	112.85

Author

Flavio Tosti

Independent Analyst

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