USD/JPY Technical Analysis: Greenback is on the back foot post-FOMC

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is having a deep pullback below the 50, 100 and 200-period simple moving averages (SMAs).
The dovish FOMC minutes weakened the US Dollar further.

USD/JPY 4-hour chart

USD/JPY bears rejected the 109.00 figure and the 50 SMA.

USD/JPY 30-minute chart

USD/JPY is trading below its main SMAs suggesting short-term bearish momentum.
USD/JPY bears are trying to break below the 108.00 level. A continuation down would open the doors to the 107.30 level.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 108.05
    Today Daily change: -72 pips
    Today Daily change %: -0.662%
    Today Daily Open: 108.77
Trends:
    Previous Daily SMA20: 110.78
    Previous Daily SMA50: 112.27
    Previous Daily SMA100: 112.25
    Previous Daily SMA200: 111.12
Levels:
    Previous Daily High: 109.09
    Previous Daily Low: 108.44
    Previous Weekly High: 110.48
    Previous Weekly Low: 104.75
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Previous Daily Fibonacci 38.2%: 108.84
    Previous Daily Fibonacci 61.8%: 108.69
    Previous Daily Pivot Point S1: 108.44
    Previous Daily Pivot Point S2: 108.11
    Previous Daily Pivot Point S3: 107.79
    Previous Daily Pivot Point R1: 109.09
    Previous Daily Pivot Point R2: 109.42
    Previous Daily Pivot Point R3: 109.74

Author

Flavio Tosti

Independent Analyst

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