USDJPY Intraday Bearish Below 113.37 Level

Technical analysis of Forex market

The US dollar continues to drift lower against the Japanese yen currency following negative reports surrounding Sino-US trade talks. Indicators are still turning lower, with the intraday sentiment surrounding the USDJPY pair bearish while price trades below the 113.37 level. A sustained breach of the 112.94 support level is likely to accelerate technical selling in the USDJPY pair.

The USDJPY pair is intraday bearish while trading below the 113.37 level, key technical support is now found at the 112.94 and 112.50 levels.

If the USDJPY pair trades above the 113.37 level, buyers may test the 113.70 and 114.19 resistance levels.

– advertisement –