Back
14 Aug 2018
USD/JPY Technical Analysis: grinding towards 111.00
- The Greenback is clawing back against the Japanese Yen as broader markets struggle to recover from last week's reversal of risk flows.
- Retail Sales data for the US due later on Tuesday will see directional power in the hands of Greenback traders.
- The Yen's recent spike on the back of Turkish contagion fears will likely fade as long as trade tensions also remain sedate for the time being.
USD/JPY Chart, 15-Minute
| Spot rate: | 110.82 |
| Relative change: | 0.16% |
| High: | 110.89 |
| Low: | 110.58 |
| Trend: | Sideways |
| Support 1: | 110.58 (current day low) |
| Support 2: | 110.10 (current week low) |
| Support 3: | 110.00 (major technical level) |
| Resistance 1: | 110.93 (previous day high) |
| Resistance 2: | 111.52 (previous week high) |
| Resistance 3: | 112.14 (two-week high) |