USD/JPY Technical Analysis: Flattening out at 111.00
- The Dollar-Yen pairing is cycling around the 111.00 handle as investors buckle down for the holiday shutdown.
- USD/JPY continues to push towards low-side support from 110.90 as the US Dollar sees selling pressure in the near-term.
- USD/JPY pinned into the 110.90 region after slipping from the 113.60 region as the US Dollar takes a step down against the safe-haven Yen.
- Short-side action over the past two months has seen USD/JPY break into new low territory, and Dollar bidders will be looking to build a base from the 111.00 handle, though the walkback to highs near 114.00 is a long one, and medium-term short-sellers can be expected to begin building out fresh position from the 112.50 midpoint.
Today Last Price: 111.1
Today Daily change: -21 pips
Today Daily change %: -0.189%
Today Daily Open: 111.31
Previous Daily SMA20: 113.01
Previous Daily SMA50: 112.95
Previous Daily SMA100: 112.4
Previous Daily SMA200: 110.9
Previous Daily High: 111.46
Previous Daily Low: 110.93
Previous Weekly High: 113.52
Previous Weekly Low: 110.81
Previous Monthly High: 114.25
Previous Monthly Low: 112.3
Previous Daily Fibonacci 38.2%: 111.26
Previous Daily Fibonacci 61.8%: 111.14
Previous Daily Pivot Point S1: 111.01
Previous Daily Pivot Point S2: 110.71
Previous Daily Pivot Point S3: 110.48
Previous Daily Pivot Point R1: 111.53
Previous Daily Pivot Point R2: 111.76
Previous Daily Pivot Point R3: 112.06