Market Cap:
$338.1B
BTC Dominance:
59.14%
btc:
$11358.00
eth:
$314.21
xrp:
$0.47
Advertise
Technical analysis

USDJPY Intraday Bearish Below 112.90

OctaFx | Dec. 18, 2018
USDJPY Intraday Bearish Below 112.90

December 18, OctaFX – The US dollar is coming under increasing selling pressure against the Japanese yen on Tuesday, as global equity markets tumble into the red.

USDJPY Technical Analysis

The USDJPY pair is also under pressure technically, as the recent decline has created a bearish fourth lower price high. The 112.20 support level is the key downside area to watch, a break below the 112.20 level exposes further downside towards the 111.30 level.  

  • The USDJPY pair is intraday bearish while trading below the 112.90 level, key support is found at the 112.20 and 111.30 levels.
  • If the USDJPY pair trades above the 112.90 level, key resistance is found at the 113.20 and 113.50 levels.

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.