- The bear flag breakdown in the USD/JPY 15-min chart indicates the sell-off from the July 3 high of 111.12 has resumed and could yield a drop to 109.86.
- Interestingly, the 50-day moving average (MA) is located at 109.93.
Spot Rate: 110.38
Daily High: 110.62
Daily Low: 110.30
R1: 110.60 (5-day moving average)
R2: 110.90 (June 15 high)
R3: 111.13 (July 3 high)
S1: 110.15 (200-day moving average)
S2: 109.92 (50-day moving average)
S3: 109.37 (June 26, June 25 low)
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