USD/JPY New York Price Forecast: Dollar vulnerable vs. yen, trades near 111.60 level

USD/JPY is down for the third consecutive day after last week’s massive move up.
The level to beat for bears is the 110.65/35 support zone.

USD/JPY daily chart

USD/JPY is trading in a bull channel while above its main daily simple moving averages (SMAs). The spot is correcting down after a massive surge last week.

USD/JPY four-hour chart

Dollar/Yen is consolidating the Monday's losses as the spot is trading in the 110.65/35 support zone. Sellers are probably looking of an extension of the bear move to the 110.35 and 109.80 levels. Resistance can be found near the 111.65 level and the 112.00 figure, according to the Technical Confluences Indicator.

Resistance: 111.65, 112.00, 112.46

Support: 110.65, 110.35, 109.80

Additional key levels

Feb 25, 2020

GBP/JPY Price Analysis: Pivots around 38.2% Fibo., bulls await a move beyond 200-hour SMA

The GBP/JPY cross gained some positive traction on Tuesday and built on the previous session's late rebound from the vicinity of a support marked by 6

อ่านเพิ่มเติม Previous

Feb 25, 2020

US: Housing Price Index rose 0.6% in December vs. 0.3% expected

The Housing Price Index in December rose 0.6% in December on a monthly basis following November's 0.3% increase, the data published by the US Federal

อ่านเพิ่มเติม Next