USD/JPY Technical Analysis: Dollar declines as trendlines point downside

  • The Dollar has seen steady declines against the Japanese Yen this week, and the pair appears to be gathering up for another push lower.
  • The 112.00 handle remains a key trigger for the Dollar-Yen pairing after yesterday's consolidation, and hourly indicators are middling as the pair remains constrained by the 200-period EMA at 112.55.
  • A firm bearish trendline from last week's peak at 114.55 remains intact and is helping steer the Greenback.

USD/JPY Chart, 15-Minute

USD/JPY

Overview:
    Last Price: 112.15
    Daily change: -12 pips
    Daily change: -0.107%
    Daily Open: 112.27
Trends:
    Daily SMA20: 112.97
    Daily SMA50: 111.82
    Daily SMA100: 111.23
    Daily SMA200: 109.84
Levels:
    Daily High: 113.3
    Daily Low: 112.26
    Weekly High: 114.56
    Weekly Low: 113.52
    Monthly High: 114.56
    Monthly Low: 110.85
    Daily Fibonacci 38.2%: 112.65
    Daily Fibonacci 61.8%: 112.9
    Daily Pivot Point S1: 111.92
    Daily Pivot Point S2: 111.56
    Daily Pivot Point S3: 110.87
    Daily Pivot Point R1: 112.96
    Daily Pivot Point R2: 113.65
    Daily Pivot Point R3: 114.01

 

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