USD/JPY Technical Analysis: Bearish RSI divergence

The USD/JPY pair is currently trading at 109.56 - down 0.18 percent on the day - and could drop further toward the ascending (bullish) 5-day moving average (MA), currently at 109.26, courtesy of the bearish divergence of the 14-hour relative strength index (RSI).

Hourly chart

  • The RSI is threatening to drop below 50.00 (in the bearish territory), having charted on Friday a lower high as opposed to a higher high on price.
  • The major averages (50, 100 and 200) are trending north and located one above the other, signaling that the path of least resistance is on the higher side.
  • The dollar, therefore, could find bids at the ascending 5-day MA of 109.26.

Trend: pullback underway


    Today Last Price: 109.56
    Today Daily change: -0.19 pips
    Today Daily change %: -0.17%
    Today Daily Open: 109.75
    Daily SMA20: 109.25
    Daily SMA50: 111.54
    Daily SMA100: 112.06
    Daily SMA200: 111.19
    Previous Daily High: 109.9
    Previous Daily Low: 109.06
    Previous Weekly High: 109.9
    Previous Weekly Low: 107.99
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Daily Fibonacci 38.2%: 109.57
    Daily Fibonacci 61.8%: 109.38
    Daily Pivot Point S1: 109.24
    Daily Pivot Point S2: 108.73
    Daily Pivot Point S3: 108.4
    Daily Pivot Point R1: 110.08
    Daily Pivot Point R2: 110.41
    Daily Pivot Point R3: 110.92


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD maintains the red, bears eye 1.1106

The positive momentum of the American currency leads the way among currencies. EUR/USD extends slide below 1.1180 with little in the way toward the yearly low at 1.1106. EU Consumer Confidence and US housing data pending of release.


GBP/USD gives up intraday gains, back below 1.2450

The modest advance triggered by Boris Johnson’s victory has been already reversed, as the dollar rules. GBP/USD slowly but steadily approaching to its daily low at 1.2417, as UK data released earlier in the day disappointed.


USD/JPY: Greenback gaining ground against Yen above the 108.00 handle

USD/JPY is bouncing from the monthly lows as buyers broke above the 108.00 figure. The levels to beat for bulls are seen at 108.27 and the 108.41 resistances.


Gold: Rebounds from $1414 area, retests overnight swing high

With technical indicators on hourly charts recovering from the negative territory, a follow-through buying beyond the current congestion zone might now set the stage for a further intraday appreciating move.

Gold News

Bitcoin fades and gives the lead to Altcoins

ETH/BTC is set up to rise in the short term. XRP can surprise and open up the Altcoin season. Bitcoin goes low and tests important levels.

Read more