USD/JPY Technical Analysis: Drops below 200-day MA, eyes support at 110.06

USD/JPY printed session lows below the 200-day MA of 111.38 soon before press time and a deeper drop toward key trendline support at 111.06 could be in the offing on evidence of worsening risk aversion

As of writing, the Shanghai Composite index is trading almost 3 percent lower on the day. Japan's Nikkei is now reporting a 2 percent drop vs 0.8 percent loss seen before the release of the dismal China trade data. 

4-hour chart

Trend: Bearish


    Today Last Price: 111.38
    Today Daily change: -25 pips
    Today Daily change %: -0.22%
    Today Daily Open: 111.63
    Daily SMA20: 110.95
    Daily SMA50: 109.89
    Daily SMA100: 111.36
    Daily SMA200: 111.39
    Previous Daily High: 111.86
    Previous Daily Low: 111.48
    Previous Weekly High: 112.08
    Previous Weekly Low: 110.35
    Previous Monthly High: 111.5
    Previous Monthly Low: 108.73
    Daily Fibonacci 38.2%: 111.63
    Daily Fibonacci 61.8%: 111.72
    Daily Pivot Point S1: 111.45
    Daily Pivot Point S2: 111.28
    Daily Pivot Point S3: 111.07
    Daily Pivot Point R1: 111.83
    Daily Pivot Point R2: 112.04
    Daily Pivot Point R3: 112.21


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