USD/JPY Technical Analysis: Drops to 110.00 neighborhood, fresh 4-month lows

23

   •  After an initial uptick to mid-110.00s, the pair met with some fresh supply and accelerated the fall to fresh four-month lows in the last hour.

   •  The post-Christmas decline has been along a descending trend-channel on the 1-hourly chart, suggesting a well-established bearish trajectory.

   •  With technical indicators on hourly/daily charts gradually drifting into oversold territory, the downfall is likely to pause near the channel support.

USD/JPY 1-hourly chart


	USD/JPY Technical Analysis: Drops to 110.00 neighborhood, fresh 4-month lows

USD/JPY

Overview:
    Today Last Price: 110.08
    Today Daily change: -13 pips
    Today Daily change %: -0.118%
    Today Daily Open: 110.21
Trends:
    Previous Daily SMA20: 112.27
    Previous Daily SMA50: 112.78
    Previous Daily SMA100: 112.38
    Previous Daily SMA200: 111.01
Levels:
    Previous Daily High: 111.07
    Previous Daily Low: 110.16
    Previous Weekly High: 111.41
    Previous Weekly Low: 110
    Previous Monthly High: 114.25
    Previous Monthly Low: 112.3
    Previous Daily Fibonacci 38.2%: 110.5
    Previous Daily Fibonacci 61.8%: 110.72
    Previous Daily Pivot Point S1: 109.89
    Previous Daily Pivot Point S2: 109.56
    Previous Daily Pivot Point S3: 108.97
    Previous Daily Pivot Point R1: 110.8
    Previous Daily Pivot Point R2: 111.39
    Previous Daily Pivot Point R3: 111.72

LEAVE A REPLY

Please enter your comment!
Please enter your name here