USD/JPY Technical Analysis: Finds some support ahead of 50% Fibo. level of this week’s up-move

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   •  The pair extended overnight retracement slide from weekly tops and lost some additional ground for the second consecutive session on the last trading day of the week. 

   •  Bulls, however, now seemed showing some resilience below 100-hour SMA, also nearing 50% Fibonacci retracement level of this week's up-move from monthly lows.

   •  Meanwhile, technical indicators on the 1-hourly chart have started drifting into the negative zone and haven't been able to recover from the bearish territory on 4-hourly/daily charts. 

   •  The set-up points to further intraday decline amid the prevalent risk-off mood and the negative outlook will be further reinforced on a sustained breakthrough the 112.75 support area.

USD/JPY 1-hourly chart


	USD/JPY Technical Analysis: Finds some support ahead of 50% Fibo. level of this week's up-move

USD/JPY

Overview:
    Today Last Price: 112.84
    Today Daily change: -12 pips
    Today Daily change %: -0.106%
    Today Daily Open: 112.96
Trends:
    Previous Daily SMA20: 113.14
    Previous Daily SMA50: 112.92
    Previous Daily SMA100: 112.12
    Previous Daily SMA200: 110.23
Levels:
    Previous Daily High: 113.24
    Previous Daily Low: 112.88
    Previous Weekly High: 114.22
    Previous Weekly Low: 112.64
    Previous Monthly High: 114.56
    Previous Monthly Low: 111.38
    Previous Daily Fibonacci 38.2%: 113.01
    Previous Daily Fibonacci 61.8%: 113.1
    Previous Daily Pivot Point S1: 112.81
    Previous Daily Pivot Point S2: 112.66
    Previous Daily Pivot Point S3: 112.44
    Previous Daily Pivot Point R1: 113.17
    Previous Daily Pivot Point R2: 113.39
    Previous Daily Pivot Point R3: 113.54

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