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
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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
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