USD/JPY Technical Analysis: Greenback reverses weekly gains as Fed leaves the target for fed funds rate unchanged

USD/JPY daily chart

  • USD/JPY is trading in a deep pullback below the 50, 100 and 200-day simple moving averages (SMAs) on the daily chart.
  • FOMC keeps the target for fed funds rate unchanged at 2.25% – 2.5% range.

USD/JPY 4-hour chart

  • USD/JPY is trading below the 50 and 200 SMA suggesting bearish momentum in the medium-term. 

USD/JPY 30-minute chart

  • USD/JPY bears are reversing the weekly gains and en route towards the 109.00 figure. 
  • USD/JPY needs to break 109.10 support to extend losses towards 108.70 level.

Additional key levels

USD/JPY

Overview:
    Today Last Price: 109.26
    Today Daily change: -18 pips
    Today Daily change %: -0.08%
    Today Daily Open: 109.35
Trends:
    Daily SMA20: 108.95
    Daily SMA50: 111.01
    Daily SMA100: 111.94
    Daily SMA200: 111.26
Levels:
    Previous Daily High: 109.55
    Previous Daily Low: 109.13
    Previous Weekly High: 110
    Previous Weekly Low: 109.14
    Previous Monthly High: 113.83
    Previous Monthly Low: 109.55
    Daily Fibonacci 38.2%: 109.29
    Daily Fibonacci 61.8%: 109.39
    Daily Pivot Point S1: 109.14
    Daily Pivot Point S2: 108.92
    Daily Pivot Point S3: 108.72
    Daily Pivot Point R1: 109.55
    Daily Pivot Point R2: 109.76
    Daily Pivot Point R3: 109.97

 

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