- USD/JPY's intraday charts are reporting bullish exhaustion.
- The pair may extend the ongoing pullback to 110.00.
USD/JPY is currently trading at 110.20, having clocked a seven-month high of 110.29 two hours ago.
The ongoing pullback could be extended to 110.00 or lower as key indicators are reporting weakening of bullish momentum.
For instance, the hourly chart MACD histogram has charted bearish divergence or lower highs above the zero line, contradicting higher highs on the price chart.
On similar lines, the 4-hour chart relative strength index is diverging in favor of the bears.
|Today last price||110.2|
|Today Daily Change||0.06|
|Today Daily Change %||0.05|
|Today daily open||110.14|
|Previous Daily High||110.18|
|Previous Daily Low||109.85|
|Previous Weekly High||109.69|
|Previous Weekly Low||107.65|
|Previous Monthly High||109.8|
|Previous Monthly Low||108.43|
|Daily Fibonacci 38.2%||110.05|
|Daily Fibonacci 61.8%||109.97|
|Daily Pivot Point S1||109.93|
|Daily Pivot Point S2||109.72|
|Daily Pivot Point S3||109.59|
|Daily Pivot Point R1||110.27|
|Daily Pivot Point R2||110.39|
|Daily Pivot Point R3||110.6|
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