The US Dollar (USD) gave away its earlier gains courtesy of upbeat economic data revealed in the United States (US) and dropped 0.52% against the Japanese Yen (JPY). At the time of writing, the USD/JPY is trading at 134.63, below the 200-day Exponential Moving Average (EMA), as the JPY gets ready to finish the week with gains of 3.26%.
The USD/JPY daily chart portrays the pair as downward biased after breaking the 200-day EMA and a five-month-old upslope support trendline. Nevertheless, upbeat US data exacerbated a rally toward Friday’s high of 135.98. However, the Relative Strength Index (RSI) at bearish territory and the Rate of Change (RoC) aiming lower showed that sellers were gathering momentum. Eventually, the USD/JPY erased those gains and some more.
If the USD/JPY achieves a daily close below the 200-day EMA at 134.99, it could pave the way for further downside action. The USD/JPY key support levels would be the psychological 134.00 figure. A breach of the latter could open the door for a 220 pip drop towards the August 11 low at 131.73, followed by August’s low at 130.39.
Overview | |
---|---|
Today last price | 134.68 |
Today Daily Change | -0.63 |
Today Daily Change % | -0.47 |
Today daily open | 135.31 |
Trends | |
---|---|
Daily SMA20 | 140.78 |
Daily SMA50 | 144.32 |
Daily SMA100 | 141.18 |
Daily SMA200 | 134.41 |
Levels | |
---|---|
Previous Daily High | 138.15 |
Previous Daily Low | 135.21 |
Previous Weekly High | 142.25 |
Previous Weekly Low | 138.05 |
Previous Monthly High | 148.82 |
Previous Monthly Low | 137.5 |
Daily Fibonacci 38.2% | 136.33 |
Daily Fibonacci 61.8% | 137.03 |
Daily Pivot Point S1 | 134.3 |
Daily Pivot Point S2 | 133.29 |
Daily Pivot Point S3 | 131.36 |
Daily Pivot Point R1 | 137.24 |
Daily Pivot Point R2 | 139.16 |
Daily Pivot Point R3 | 140.17 |
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