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

USD/JPY

Overview:
    Today Last Price: 111.38
    Today Daily change: -25 pips
    Today Daily change %: -0.22%
    Today Daily Open: 111.63
Trends:
    Daily SMA20: 110.95
    Daily SMA50: 109.89
    Daily SMA100: 111.36
    Daily SMA200: 111.39
Levels:
    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

 

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 rises above 1.1200 amid some USD weakness

EUR/USD is trading above 1.1200, recovering some of the losses. Earlier, ECB officials expressed concern about global growth President Draghi speaks later. Tension is rising toward the Fed decision.

EUR/USD News

GBP/USD pressured below 1.2600, Conservative contest in focus

GBP/USD is trading below 1.2600, consolidating the losses seen on Friday after US retail sales beat expectations. The Conservative contest is heating up ahead of tomorrow's second vote.

GBP/USD News

USD/JPY: wait-and-see continues ahead of Fed

The dollar consolidates its gains against most rival, and scarce data exacerbates the quietness. USD/JPY bullish above 108.90, bearish below 108.10.

USD/JPY News

Gold: Flirting with daily lows, around 200-hour SMA

A follow-through selling below 200-hour SMA will reinforce the negative outlook and accelerate the slide towards 38.2% Fibo. level support near the $1325 region ahead of Wednesday’s FOMC policy update.

Gold News

Gold: Signs of bullish exhaustion ahead of the Fed

Gold's rally seems to have run its course with signs of bullish exhaustion emerging on technical charts ahead of Wednesday's FOMC (Federal Open Market Committee) rate decision.

Read more

Majors

Cryptocurrencies

Signatures