USD/JPY Technical Analysis: Greenback reverses weekly gains as Fed leaves the target for fed funds rate unchanged
USD/JPY daily chart
- USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.
- FOMC keeps the target for fed funds rate unchanged at 2.25% - 2.5% range.
USD/JPY 4-hour chart
- USD/JPY is trading below the 50 and 200 SMA suggesting bearish momentum in the medium-term.
USD/JPY 30-minute chart
- USD/JPY bears are reversing the weekly gains and en route towards the 109.00 figure.
- USD/JPY needs to break 109.10 support to extend losses towards 108.70 level.
Additional key levels
USD/JPY
Overview:
Today Last Price: 109.26
Today Daily change: -18 pips
Today Daily change %: -0.08%
Today Daily Open: 109.35
Trends:
Daily SMA20: 108.95
Daily SMA50: 111.01
Daily SMA100: 111.94
Daily SMA200: 111.26
Levels:
Previous Daily High: 109.55
Previous Daily Low: 109.13
Previous Weekly High: 110
Previous Weekly Low: 109.14
Previous Monthly High: 113.83
Previous Monthly Low: 109.55
Daily Fibonacci 38.2%: 109.29
Daily Fibonacci 61.8%: 109.39
Daily Pivot Point S1: 109.14
Daily Pivot Point S2: 108.92
Daily Pivot Point S3: 108.72
Daily Pivot Point R1: 109.55
Daily Pivot Point R2: 109.76
Daily Pivot Point R3: 109.97