• 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
Today Last Price: 112.84
Today Daily change: -12 pips
Today Daily change %: -0.106%
Today Daily Open: 112.96
Previous Daily SMA20: 113.14
Previous Daily SMA50: 112.92
Previous Daily SMA100: 112.12
Previous Daily SMA200: 110.23
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