The USD/JPY is holding an overall flat stance in the hourly chart, as indicators hold flat around their midlines. In the 4 hours chart, the pair holds the bearish tone as 20 SMA lays above current price while momentum heads lower below its midlines,” the analyst says, continuing: “The downside is favored with a break below 79.10 triggering a stronger fall, and as long as the upside remains capped by the 80.10 Fibonacci resistance.”
Support levels are found at: 79.10 78.80 and 78.40,
while resistance levels at: 79.80 80.10 and 80.30.
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