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USD/JPY Technical Analysis: Bull-to-bear trend change confirmed

  • The USD/JPY pair closed well below the crucial 100-day moving average (MA) support, confirming a bullish-to-bearish trend change.
  • The long-term average had caught lows on a closing basis in May, August, September, and October. The average also worked as strong support earlier this month.
  • The bears, therefore, could be feeling emboldened, having breached the 100-day MA. Simply put, the break below the key average marks an end of the rally from the March low of 104.63.
  • The pair could soon explore levels below the psychological support of 110.00. The bearish outlook would be invalidated if and when the 100-day MA hurdle is scaled.

Daily Chart

Trend: Bearish


    Today Last Price: 111.25
    Today Daily change: 3.0 pips
    Today Daily change %: 0.0270%
    Today Daily Open: 111.22
    Previous Daily SMA20: 113.09
    Previous Daily SMA50: 112.97
    Previous Daily SMA100: 112.4
    Previous Daily SMA200: 110.88
    Previous Daily High: 112.67
    Previous Daily Low: 110.81
    Previous Weekly High: 113.71
    Previous Weekly Low: 112.24
    Previous Monthly High: 114.25
    Previous Monthly Low: 112.3
    Previous Daily Fibonacci 38.2%: 111.52
    Previous Daily Fibonacci 61.8%: 111.96
    Previous Daily Pivot Point S1: 110.46
    Previous Daily Pivot Point S2: 109.71
    Previous Daily Pivot Point S3: 108.6
    Previous Daily Pivot Point R1: 112.32
    Previous Daily Pivot Point R2: 113.43
    Previous Daily Pivot Point R3: 114.18


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