USD/JPY Technical Analysis: Set-up points to extension of the corrective slide ahead of FOMC minutes
• The pair's intraday attempted rebound quickly ran out of steam ahead of 100-hour SMA, with bears now targeting the lower end of the daily trading range.
USD/JPY 1-hourly chart
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• Looking at the shorter timeframe, the pair has now broken below an intraday bearish flag chart pattern and hence, remains vulnerable to extend the downfall.
5-mins. chart
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• Technical indicators on hourly charts maintain their bearish bias and further support prospects for an extension of the ongoing corrective slide from 2-week tops.
USD/JPY
Overview:
Today Last Price: 113.27
Today Daily change: -36 pips
Today Daily change %: -0.317%
Today Daily Open: 113.63
Trends:
Previous Daily SMA20: 113.33
Previous Daily SMA50: 113.03
Previous Daily SMA100: 112.21
Previous Daily SMA200: 110.37
Levels:
Previous Daily High: 114.04
Previous Daily Low: 113.44
Previous Weekly High: 113.24
Previous Weekly Low: 112.3
Previous Monthly High: 114.56
Previous Monthly Low: 111.38
Previous Daily Fibonacci 38.2%: 113.67
Previous Daily Fibonacci 61.8%: 113.81
Previous Daily Pivot Point S1: 113.37
Previous Daily Pivot Point S2: 113.1
Previous Daily Pivot Point S3: 112.77
Previous Daily Pivot Point R1: 113.97
Previous Daily Pivot Point R2: 114.3
Previous Daily Pivot Point R3: 114.57