The USD/JPY pair is poised to extend its decline, trading near its daily low. The 4-hour chart shows that the pair has broken below its 20 SMA, although the longer ones maintain their bullish slopes below it. Technical indicators head south near oversold readings without signs of bearish exhaustion.
Support levels: 105.30 104.95 104.50
Resistance levels: 105.60 105.95 106.30
Support levels: 105.30 104.95 104.50
Resistance levels: 105.60 105.95 106.30
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.