USD/JPY Technical Analysis: Yen boosted big time as Wall Street bears are squashing US Stock Indices

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  • USD/JPY is trading in a bear trend below the 200-period simple moving average (SMA). 
  • USD/JPY broke strongly below the 112.00 figure as bears print a new monthly low. The safe-haven yen is in strong demand as Wall Street stock indices are crashing. 
  • The next significant support is seen near 111.00 while 111.84 (August 29 swing high) becomes the key resistance.

USD/JPY 4-hour chart


	USD/JPY Technical Analysis: Yen boosted big time as Wall Street bears are squashing US Stock Indices

Spot rate:                         111.66
Relative change:              -0.67%     
High:                                112.46
Low:                                 111.37

Main trend:               Bearish

Resistance 1:    112.00-112.17 zone, figure and August 1 swing high
Resistance 2:    112.55 September 27 low
Resistance 3:    113.00 figure
Resistance 4:    113.55 October 2 low

Support 1:    111.00 figure
Support 2:    110.35 September Low
Support 3:    109.75 August low

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