USD/JPY Technical Analysis: Greenback slumps to daily lows near the 113.70 level as Wall Street bears keep the market in check


USD/JPY daily chart

  • USD/JPY is consolidating below the 114.00 figure for the fifth day in a row. 
  • The Stochastic indicator is in overbought condition. 

USD/JPY 4-hour chart

  • USD/JPY is trading in a bull trend above the 200-period simple moving average (SMA). 
  • USD/JPY has formed a potentially bearish wedge. 
  • Technical indicators are losing steam.


USD/JPY 30-minute chart

  • If bears break below 113.60 support it can open the door to 113.00 figure. 
  • The move down coincides with a move down on US indices and a US yields decelerating with the 10-year note at 3.12%. 

 

Additional key levels at a glance:

USD/JPY

Overview:
    Last Price: 113.72
    Daily change: -5.0 pips
    Daily change: -0.0439%
    Daily Open: 113.77
Trends:
    Daily SMA20: 112.96
    Daily SMA50: 112.68
    Daily SMA100: 111.95
    Daily SMA200: 110.08
Levels:
    Daily High: 114.16
    Daily Low: 113.58
    Weekly High: 114.1
    Weekly Low: 112.94
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 113.94
    Daily Fibonacci 61.8%: 113.8
    Daily Pivot Point S1: 113.52
    Daily Pivot Point S2: 113.26
    Daily Pivot Point S3: 112.94
    Daily Pivot Point R1: 114.1
    Daily Pivot Point R2: 114.42
    Daily Pivot Point R3: 114.68

 

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