USD/JPY Technical Analysis: Greenback collapses towards 110.00 handle on dovish FOMC

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading below the 100 and 200 SMAs suggesting bearish momentum.
The FOMC was much more dovish than expected sending USD down across the board.

USD/JPY 4-hour chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the medium-term.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMAs suggesting bearish momentum in the short-term.
The next key support is at the 110.00 level.
Resistances are at 111.00 and 111.30 level.

Additional key levels

USD/JPY

Overview
Today last price	110.65
Today Daily Change	-0.75
Today Daily Change %	-0.67
Today daily open	111.4

Trends
Daily SMA20	111.3
Daily SMA50	110.27
Daily SMA100	111.27
Daily SMA200	111.45

Levels
Previous Daily High	111.54
Previous Daily Low	111.16
Previous Weekly High	111.9
Previous Weekly Low	110.88
Previous Monthly High	111.5
Previous Monthly Low	108.73
Daily Fibonacci 38.2%	111.3
Daily Fibonacci 61.8%	111.39
Daily Pivot Point S1	111.19
Daily Pivot Point S2	110.98
Daily Pivot Point S3	110.81
Daily Pivot Point R1	111.57
Daily Pivot Point R2	111.74
Daily Pivot Point R3	111.95

Author

Flavio Tosti

Independent Analyst

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