USD/JPY Technical Analysis: Greenback losing strength against Japanese Yen

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading in a deep pullback below the 200-day simple moving averages (SMAs) on the daily chart.

USD/JPY 4-hour chart

USD/JPY is trading below the 50 SMAs suggesting a weakening of the bullish momentum in the medium-term.

USD/JPY 30-minute chart

USD/JPY is trading below the main SMAs suggesting bearish momentum in the short-term.
To the downside, the market can reach 110.50 and 110.30 level in the coming sessions.
Resistance is at 111.00 and 111.50 level.

Additional key levels:

USD/JPY

Overview:
    Today Last Price: 110.66
    Today Daily change: -4 pips
    Today Daily change %: -0.04%
    Today Daily Open: 110.7
Trends:
    Daily SMA20: 110.03
    Daily SMA50: 109.96
    Daily SMA100: 111.48
    Daily SMA200: 111.31
Levels:
    Previous Daily High: 110.91
    Previous Daily Low: 110.57
    Previous Weekly High: 111.13
    Previous Weekly Low: 109.7
    Previous Monthly High: 110
    Previous Monthly Low: 104.75
    Daily Fibonacci 38.2%: 110.7
    Daily Fibonacci 61.8%: 110.78
    Daily Pivot Point S1: 110.54
    Daily Pivot Point S2: 110.38
    Daily Pivot Point S3: 110.2
    Daily Pivot Point R1: 110.89
    Daily Pivot Point R2: 111.07
    Daily Pivot Point R3: 111.23

Author

Flavio Tosti

Independent Analyst

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