USD/JPY Technical Analysis: Greenback fading the 110.70 resistance
USD/JPY daily chart
- USD/JPY is trading in a deep pullback below the 200-day simple moving averages (SMAs) on the daily chart.
- As discussed, USD/JPY is losing steam below 110.70 resistance.
USD/JPY 4-hour chart
- USD/JPY is trading above its main SMAs suggesting bullish momentum in the medium-term.
USD/JPY 30-minute chart
- USD/JPY found resistance near 110.70 and the 200 SMA suggesting a decline in price in the sessions ahead.
- Supports to the downside are seen near 110.30 and 109.80 level.
- A decisive breakout above 110.70 key level would likely invalidate the bearish scenario and could see the 111.00 level revisited.
Additional key levels
USD/JPY
Overview:
Today Last Price: 110.53
Today Daily change: -6 pips
Today Daily change %: -0.05%
Today Daily Open: 110.59
Trends:
Daily SMA20: 109.86
Daily SMA50: 110.12
Daily SMA100: 111.58
Daily SMA200: 111.31
Levels:
Previous Daily High: 110.62
Previous Daily Low: 110.42
Previous Weekly High: 111.13
Previous Weekly Low: 109.7
Previous Monthly High: 110
Previous Monthly Low: 104.75
Daily Fibonacci 38.2%: 110.54
Daily Fibonacci 61.8%: 110.5
Daily Pivot Point S1: 110.47
Daily Pivot Point S2: 110.35
Daily Pivot Point S3: 110.28
Daily Pivot Point R1: 110.66
Daily Pivot Point R2: 110.73
Daily Pivot Point R3: 110.85