USD/JPY Technical Analysis: Greenback sliding down near 110.00 handle

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading below its main simple moving averages (SMAs) suggesting bearish momentum.

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.
A break below 110.80 can open the door to 109.20 support.
To the upside, resistance is at 110.40 and 111.00 level.

Additional key levels

USD/JPY

Overview
Today last price	109.98
Today Daily Change	-0.83
Today Daily Change %	-0.75
Today daily open	110.81

Trends
Daily SMA20	111.3
Daily SMA50	110.37
Daily SMA100	111.23
Daily SMA200	111.45

Levels
Previous Daily High	110.96
Previous Daily Low	110.3
Previous Weekly High	111.9
Previous Weekly Low	110.88
Previous Monthly High	111.5
Previous Monthly Low	108.73
Daily Fibonacci 38.2%	110.71
Daily Fibonacci 61.8%	110.55
Daily Pivot Point S1	110.42
Daily Pivot Point S2	110.03
Daily Pivot Point S3	109.76
Daily Pivot Point R1	111.08
Daily Pivot Point R2	111.35
Daily Pivot Point R3	111.74

Author

Flavio Tosti

Independent Analyst

EUR/USD faces next resistance near 1.1930

EUR/USD continues to build on its recovery in the latter part of Wednesday’s session, with upside momentum accelerating as the pair retargets the key 1.1900 barrier amid a further loss of traction in the US Dollar. Attention now shifts squarely to the US data docket, with labour market figures and the always influential CPI releases due on Thursday and Friday, respectively.

GBP/USD sticks to the bullish tone near 1.3660

GBP/USD maintains its solid performance on Wednesday, hovering around the 1.3660 zone as the Greenback surrenders its post-NFP bounce. Cable, in the meantime, should now shift its attention to key UK data due on Thursday, including preliminary GDP gauges.

Gold holds on to higher ground ahead of the next catalyst

Gold keeps the bid tone well in place on Wednesday, retargeting the $5,100 zone per troy ounce on the back of modest losses in the US Dollar and despite firm US Treasury yields across the curve. Moving forward, the yellow metal’s next test will come from the release of US CPI figures on Friday.