#USDJPY @ 139.864 US Dollar remains offered across the board against most G8 currencies. (Pivot Orderbook analysis)
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- US Dollar remains offered across the board against most G8 currencies.
- A broken rising wedge in the USD/JPY 4-hour chart targets a fall towards 138.00.
The pair currently trades last at 139.864.
The previous day high was 142.24 while the previous day low was 141.08. The daily 38.2% Fib levels comes at 141.53, expected to provide resistance. Similarly, the daily 61.8% fib level is at 141.8, expected to provide resistance.
The USD/JPY prolonged its losses to two consecutive days and cleared the 100-day Exponential Moving Average (EMA), cementing the case of the USD/JPY bias turning neutral-to-downwards, albeit remained trading above the 200-day EMA. Hence, the USD/JPY is trading at 139.83, below its opening price by 0.96%.
Once the USD/JPY dropped below the 100-day EMA, the bias shifted neutral downwards, though it should be noted that crucial support levels lie below the spot price. If Japanese Yen (JPY) buyers would like to extend their gains, they need to clear the three-month low of 137.65, which would exacerbate a fall toward a six-month-old upslope support trendline of around 136.70.
Short term, the USD/JPY 4-hour chart broke a rising wedge, a continuation pattern formed after a first leg-down. That said, the USD/JPY is comfortably trading around the S3 daily pivot. Therefore, the USD/JPY first support would be the 139.00 psychological level, followed by the S4 daily pivot level at 138.87, ahead of the November 15 low at 137.65.
Technical Levels: Supports and Resistances
USDJPY currently trading at 139.76 at the time of writing. Pair opened at 141.21 and is trading with a change of -1.03 % .
| Overview | Overview.1 | |
|---|---|---|
| 0 | Today last price | 139.76 |
| 1 | Today Daily Change | -1.45 |
| 2 | Today Daily Change % | -1.03 |
| 3 | Today daily open | 141.21 |
The pair is trading below its 20 Daily moving average @ 144.03, below its 50 Daily moving average @ 145.01 , below its 100 Daily moving average @ 141.08 and above its 200 Daily moving average @ 133.6
| Trends | Trends.1 | |
|---|---|---|
| 0 | Daily SMA20 | 144.03 |
| 1 | Daily SMA50 | 145.01 |
| 2 | Daily SMA100 | 141.08 |
| 3 | Daily SMA200 | 133.60 |
The previous day high was 142.24 while the previous day low was 141.08. The daily 38.2% Fib levels comes at 141.53, expected to provide resistance. Similarly, the daily 61.8% fib level is at 141.8, expected to provide resistance.
Note the levels of interest below:
- Pivot support is noted at 140.78, 140.35, 139.62
- Pivot resistance is noted at 141.94, 142.67, 143.1
| Levels | Levels.1 |
|---|---|
| Previous Daily High | 142.24 |
| Previous Daily Low | 141.08 |
| Previous Weekly High | 140.80 |
| Previous Weekly Low | 137.67 |
| Previous Monthly High | 151.94 |
| Previous Monthly Low | 143.53 |
| Daily Fibonacci 38.2% | 141.53 |
| Daily Fibonacci 61.8% | 141.80 |
| Daily Pivot Point S1 | 140.78 |
| Daily Pivot Point S2 | 140.35 |
| Daily Pivot Point S3 | 139.62 |
| Daily Pivot Point R1 | 141.94 |
| Daily Pivot Point R2 | 142.67 |
| Daily Pivot Point R3 | 143.10 |
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