USDJPY 1H 15.01.2020
15 January

USDJPY 1H 15.01.2020

USDJPY

 

Technical Chart pick of the day: 1H USDJPY – Bearish

 

· On a technical perspective, the trend is turning bearish, with prices below the 20 and 40.

· Prices failed to break above the 20 EMA and retraced. This indicates that selling pressure is present.

· Based on the pivot point analysis, prices are below the pivot level. This signifies bearishness.

 

Resistance: R1: 110.169, R2: 110.365, R3: 110.716

Support:     S1: 109.818, S2: 109.663, S3: 109.312

 

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