Threat continues to be towards the disadvantage. The USD/JPY couple has proven little improvement this Thursday, incapable to advance strongly above the 119.35 Fibonacci level, where it currently keeps. The newest restoration, after publishing a clean 2-month low of 118.05, has led to lower peaks every week foundation, which preserves the danger towards the disadvantage. Temporary, the 1 hour graph reveals that the cost is having above a bearish 100 SMA, while the 200 SMA offers a powerful level of resistance around 119.65. In the same graph, the technological signs have converted southern around their mid-lines, displaying no actual durability at the time being. In the 4 hours graph, the cost carries on creating well below its moving earnings, while the RSI signal converted southern around 49, expecting additional decreases for today, particularly if US shares came under promoting stress.
Support levels: 118.90 118.55 118.05
Resistance levels: 119.65 120.00 120.35
