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11 Jul 2018
USD/JPY Technical Analysis: USD/JPY drops 110.00 level as US is set to announce new tariffs list on $200 bln worth of Chinese imports
- Breaking News: US to announce new tariffs list on $200 bln worth of Chinese imports.
- USD/JPY lost almost 40 pips in a knee-jerk reaction and is currently pausing at the 110.90 level.
USD/JPY 15-minute chart
Spot rate: 110.97
Relative change: 0.02%
High: 111.04
Low: 110.90
Trend: Bullish
Resistance 1: 111.02-111.16 intraday swing lows
Resistance 2: 111.39 May 21 swing high
Resistance 3: 112.05 February 2 low
Resistance 4: 113.00 figure
Support 1: 110.90 June 15 swing high
Support 2: 110.62-75 supply level and June 21 high
Support 3: 110.40 supply/demand level
Support 4: 110.21 June 22 high
Support 5: 109.90-110.00 area supply level and figure
Support 6: 109.55 June 19 low