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Trading news
29 May 2018
USD/JPY Technical Analysis: Dollar makes a quick retreat to last support
- USD/JPY falls on declining US Treasury yields in Asia trading, dips to last Friday's swing point.
- Pair continues to consolidate after arresting recent bearish decline.
- Slow Stochastic rolling over near oversold territory.
USD/JPY Chart, 1 Hour
Current spot rate: 109.20
Relative change: (-0.18%)
Trend: Flat to bearish
Support 1: 109.12, Friday's last swing low.
Support 2: 108.95, Bullish correction's bottom May 24th.
Support 3: 108.64, May 5th swing low.
Resistance 1: 109.46, Current day's high.
Resistance 2: 109.83, Current week's high.
Resistance 3: 110.17, 50.0% Fibonacci retracement level.