USD/JPY Technical Analysis: Greenback turning bearish below 110.70 key level

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 200-day simple moving averages (SMAs) on the daily chart.
  • This Monday, on US President’s Day, the financial markets might offer limited moves.

USD/JPY 4-hour chart

  • USD/JPY is trading above its main SMAs suggesting bullish momentum.

USD/JPY 30-minute chart

  • USD/JPY is capped by 110.70 and the 200 SMA suggesting a decline in price in the coming sessions. 
  • Supports to the downside are seen near 110.30 and 109.80 level.
  • On the flip side, a strong breakout above 110.70 key level would invalidate the bearish scenario and would see the 111.00 level revisited.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 110.57
    Today Daily change: 17 pips
    Today Daily change %: 0.15%
    Today Daily Open: 110.4
Trends:
    Daily SMA20: 109.81
    Daily SMA50: 110.17
    Daily SMA100: 111.61
    Daily SMA200: 111.3
Levels:
    Previous Daily High: 110.65
    Previous Daily Low: 110.25
    Previous Weekly High: 111.13
    Previous Weekly Low: 109.7
    Previous Monthly High: 110
    Previous Monthly Low: 104.75
    Daily Fibonacci 38.2%: 110.4
    Daily Fibonacci 61.8%: 110.5
    Daily Pivot Point S1: 110.22
    Daily Pivot Point S2: 110.04
    Daily Pivot Point S3: 109.83
    Daily Pivot Point R1: 110.62
    Daily Pivot Point R2: 110.83
    Daily Pivot Point R3: 111.01

 

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