3 Oct 2019
USD/JPY technical analysis: Greenback is under pressure at seven-day lows ahead of US ISM
- The market is waiting for the ISM Non-Manufacturing PMI data scheduled at 14:00 GMT.
- The level to beat for bears is the 107.00 support level.
USD/JPY daily chart
USD/JPY is in a downtrend below the 100 and 200-day simple moving averages (SMAs). Investors are shifting their attention to the release of the United States (US) ISM Non-Manufacturing PMI data scheduled at 14:00 GMT this Thursday.
USD/JPY four-hour chart
USD/JPY is under pressure below the 107.40 level and the 200 SMA. The break of the 107.00 figure can expose the 106.50 support level to the downside, according to the Technical Confluences Indicator.
USD/JPY 30-minute chart
The USD/JPY exchange rate is under pressure below the main SMAs, suggesting a negative bias in the near term. Immediate resistances are seen at the 107.40 and 107.60 price levels, according to the Technical Confluences Indicator.
Additional key levels