- "USD/JPY fell to its lowest level in over a month yesterday before finding support just under 122.00"
- "Our near-term trend bias is lower in USD/JPY while below 124.40"
- D1 price is located above 100-day SMA and 200-day SMA with primary bullish for ranging between Fibo support level at 121.93 and 61.8% Fibo resistance level at 124.37
- W1 price is located above 100 period SMA and 200 period SMA for ranging between 125.85 resistance and 118.88 support levels
Instrument | Support 2 | Support 1 | Spot | Resistance 1 | Resistance 2 |
---|---|---|---|---|---|
USD/JPY | 121.40 | 121.90 | 122.90 | 123.30 | 124.40 |