- USD/JPY is under bearish pressure below the 107.10 resistance.
- The level to beat for bears is the 106.70 level.
USD/JPY daily chart
USD/JPY is in a bear trend below its main daily simple moving averages (DSMAs). The 50 DSMA crossed below the 100 DSMA which is seen as bearish.
USD/JPY is trading below its main SMAs suggesting bearish momentum in the medium term. The market is finding some support near 107.00.
USD/JPY 30-minute chart
A break above 107.10 could open the doors to 107.50/70 resistance according to the Technical Confluences Indicator. On the flip side, a break below 106.70 on a daily closing basis can see the main bear trend resuming and open the doors for a bigger drop to the 106.00 figure.
|Today last price||107.02|
|Today Daily Change||-0.28|
|Today Daily Change %||-0.26|
|Today daily open||107.3|
|Previous Daily High||107.54|
|Previous Daily Low||107.24|
|Previous Weekly High||108.73|
|Previous Weekly Low||107.04|
|Previous Monthly High||111.71|
|Previous Monthly Low||108.23|
|Daily Fibonacci 38.2%||107.36|
|Daily Fibonacci 61.8%||107.43|
|Daily Pivot Point S1||107.18|
|Daily Pivot Point S2||107.07|
|Daily Pivot Point S3||106.89|
|Daily Pivot Point R1||107.48|
|Daily Pivot Point R2||107.65|
|Daily Pivot Point R3||107.77|
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