USD/JPY Short
USD/JPY – Thursday’s hammer suggests a short-term bottom is in place, yet still stays bearish on a weekly basis; close above 110.00 could be a game-changer, forms a hanging man
• 3rd resistance: 110.71, 21-DMA
• 2nd resistance: 109.56, Dec. 31 low
• 1st resistance: 109.09, Jan. 8 high
• Spot: 108.84
• 1st support: 108.44, Jan. 8 low
• 2nd support: 108.02, Jan. 7 low
• 3rd support: 107.52, Jan. 4 low
• 3rd resistance: 110.71, 21-DMA
• 2nd resistance: 109.56, Dec. 31 low
• 1st resistance: 109.09, Jan. 8 high
• Spot: 108.84
• 1st support: 108.44, Jan. 8 low
• 2nd support: 108.02, Jan. 7 low
• 3rd support: 107.52, Jan. 4 low
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.