USD/JPY Technical Levels: slips below 113.00 on bearish RSI divergence

The USD/JPY pair dipped below 113.00 soon before press time, adding credence to the bearish divergence of the relative strength index (RSI) seen in the hourly chart.
The bearish development on the hourly RSI also indicates the recovery rally from the recent low of 112.30 has likely ended.
The bearish RSI divergence would be invalidated if the pair rises above 113.23.

Omkar Godbole FXStreet Contributor

Hourly Chart

Trend: Bearish

USD/JPY

Overview:
    Last Price: 112.99
    Daily change: -8.0 pips
    Daily change: -0.0708%
    Daily Open: 113.07
Trends:
    Daily SMA20: 113.12
    Daily SMA50: 112.9
    Daily SMA100: 112.09
    Daily SMA200: 110.2
Levels:
    Daily High: 113.16
    Daily Low: 112.64
    Weekly High: 114.22
    Weekly Low: 112.64
    Monthly High: 114.56
    Monthly Low: 111.38
    Daily Fibonacci 38.2%: 112.96
    Daily Fibonacci 61.8%: 112.84
    Daily Pivot Point S1: 112.75
    Daily Pivot Point S2: 112.43
    Daily Pivot Point S3: 112.23
    Daily Pivot Point R1: 113.28
    Daily Pivot Point R2: 113.48
    Daily Pivot Point R3: 113.8

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

AUD/USD consolidates near 0.7000 as USD stays weak

AUD/USD holds steady above 0.7000 during Thursday’s Asian session, consolidating the previous day’s recovery gains from a near three-week low as the Democratic sweep in the US midterm elections and Iran diplomacy hopes continue to weigh on the US Dollar. Bulls, however, seem hesitant as focus shifts to Friday’s crucial US NFP report.

USD/JPY drifts lower to 158.25 on hawkish BoJ Minutes, weak USD

USD/JPY trades with a negative bias for the second straight day on Thursday as hawkish BoJ Minutes, showing members agreed to keep raising rates, and intervention risks support the Japanese Yen. Meanwhile, US midterm election results and hopes for Iran diplomacy keep the US Dollar depressed as focus shifts to Friday’s US NFP report.

Gold consolidates near two-week top as modest USD bounce and Fed hike bets cap upside

Gold (XAU/USD) is consolidating its strong weekly gains, trading above $4,100 through the first half of the European session, close to a two-week high set earlier this Thursday.

TRUMP token hits record low amid mounting selling pressure

Ripple and Stellar extend their recovery as bearish pressure begins to ease for both altcoins. XRP trades above $1.30 after breaking above the upper trendline of a falling channel pattern, while XLM holds above $0.168 and approaches resistance at $0.173. Meanwhile, improving derivatives metrics and strengthening momentum indicators hint at a potential for further recovery.

BoE expected to hike interest rate to 4.00%

The Bank of England is set to reveal its latest monetary policy decision on Thursday, coinciding with its seventh rate-setting meeting of 2026. Market analysts expect the ‘Old Lady’ to increase its policy rate by a quarter percentage point to 4.00%, the highest level since November 2025.

US Dollar breaks below 101.50 as Democrats sweep Congress

The US Dollar (USD) comes under heavy selling pressure on Wednesday, with the US Dollar Index (DXY) falling around 0.5% to trade near 101.35 after sliding below the 101.50 level. The Greenback retreats to its lowest level in four weeks as investors reassess the political and economic outlook following the Democratic Party's sweeping victory in the United States (US) midterm elections.