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.

Joshua Gibson FXStreet

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

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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