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 leaning lower ahead of critical German PMI

EUR/USD is extending its losses below 1.1100 as markets await forward-looking German PMIs. Later, the ECB minutes may shed light on the next moves by the bank.

EUR/USD News

GBP/USD stabilizing above 1.2100 ahead of the Johnson-Macron meeting

GBP/USD is trading above 1.2100, steady. After German Chancellor Merkel offered UK PM Johnson 30 days to solve the Irish Backstop problem, Johnson meets French President Macron.

GBP/USD News

USD/JPY: Weaker below 106.50, focus on T-yields ahead of Powell

USD/JPY trades weaker below the 106.50 level, tracking the negative S&P 500 futures and a cautious sentiment on the Asian equities, as attention shifts from the FOMC minutes to the Fed's Powell speech for fresh direction. 

USD/JPY News

Gold: Trapped in a symmetrical triangle

Gold is trapped in a narrowing price or a symmetrical triangle pattern, according to the 4-hour chart. The yellow metal rose to a six-year high of $1,353 per Oz on Aug. 13 and has charted lower highs and higher lows ever since.

Gold News

USD/CNH: Rallies, confirms falling channel breakout

Another wave of CNH selling could soon hit the market as the pair technical charts are reporting a bullish breakout. For instance, the pair has jumped 0.22% to levels above 7.08 today, confirming an upside break of the falling channel on the 4H chart.

Read more

MAJORS

Cryptocurrencies

Signatures


  •  
  •  
  •  
  •  
  •