USD/JPY chart - Trading View
Technical Analysis: Bias Bearish
GMMA Indicator
- Hourly Charts: Major and minor trend are bearish
- Daily Charts: Major trend is bullish, minor trend is neutral
- Weekly Charts: Major and minor trend are strongly bullish
Ichimoku Analysis
- Tenkan Sen: 110.41
- Kijun Sen: 109.91
- Chikou Span: 110.48
- Price action is above cloud and is holding support at Tenkan Sen, Chikou span is flatlined
Oscillators
- Stochs and RSI are in neutral territory
- Stochs are on verge of rollover from overbought levels
Bollinger Bands
- Bollinger bands are wide and indicate high volatility
Major Support Levels: 110.41 (Tenkan Sen), 110.19 (21-EMA), 110 (Trendline)
Major Resistance Levels: 110.63 (5-DMA), 111 (Psychological mark), 111.20 (Upper BB)
Summary: USD/JPY was extending weakness for the 5th straight session, near-term outlook bearish. Upside remains capped at 5-DMA, the pair is on track to test 21-EMA support at 110.19.
