USD/JPY Technical Analysis: Drops below 200-day MA, eyes support at 110.06
|USD/JPY printed session lows below the 200-day MA of 111.38 soon before press time and a deeper drop toward key trendline support at 111.06 could be in the offing on evidence of worsening risk aversion.
As of writing, the Shanghai Composite index is trading almost 3 percent lower on the day. Japan's Nikkei is now reporting a 2 percent drop vs 0.8 percent loss seen before the release of the dismal China trade data.
4-hour chart
Trend: Bearish
USD/JPY
Overview:
Today Last Price: 111.38
Today Daily change: -25 pips
Today Daily change %: -0.22%
Today Daily Open: 111.63
Trends:
Daily SMA20: 110.95
Daily SMA50: 109.89
Daily SMA100: 111.36
Daily SMA200: 111.39
Levels:
Previous Daily High: 111.86
Previous Daily Low: 111.48
Previous Weekly High: 112.08
Previous Weekly Low: 110.35
Previous Monthly High: 111.5
Previous Monthly Low: 108.73
Daily Fibonacci 38.2%: 111.63
Daily Fibonacci 61.8%: 111.72
Daily Pivot Point S1: 111.45
Daily Pivot Point S2: 111.28
Daily Pivot Point S3: 111.07
Daily Pivot Point R1: 111.83
Daily Pivot Point R2: 112.04
Daily Pivot Point R3: 112.21
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.