7 Sep 2018
USD/JPY Technical Analysis: sticking near new lows on risk flows
- The Dollar-Yen pairing is sticking towards the downside as risk appetite rears its head for Friday.
- The USD/JPY is shaping up for a bearish September with support from the 200-day EMA nearby.
- USD traders will be seeing plenty of action to cap the week off with US NFP in the barrel.
USD/JPY Chart, 15-Minute
| Spot rate: | 110.51 |
| Relative change: | -0.19% |
| High: | 110.74 |
| Low: | 110.38 |
| Trend: | Bearish |
| Support 1: | 110.38 (current day low) |
| Support 2: | 110.00 (major technical level) |
| Support 3: | 109.74 (one month low) |
| Resistance 1: | 110.74 (current day high) |
| Resistance 2: | 111.16 (200-hour EMA) |
| Resistance 3: | 111.75 (current week high) |