【首席分析师】美/日技术分析：显现看跌信号

美/日技术分析：显现看跌信号

经过近期自4月10日高点111.56以来的跌势后，目前美元/日元仍于200日均线附近延续整理态势，支撑位于108.00一线。

短期美元/日元受限于108.30/109.20区间内波动，图形显示汇价走势暂偏中性。

更长期图形上看，美元/日元显现看跌信号，当前整理态势似乎是更大下行趋势的暂缓，初步目标指向107.84，该水位为汇价自101.17至118.65更大涨势的61.8%回撤位。如果汇价跌破107.84，则之后将进一步延伸跌势。

目前美元/日元上行趋势受限，初步阻力位于109.20，更上方阻力位于109.33，如果汇价进一步上行，则料受限于日图转换线109.84和110.10下方。

阻力位：109.20 109.33 109.84 110.10

支撑位：108.70 108.30 108.11 107.84

USDJPY

The pair is trading in extended consolidation around 200SMA (currently at 108.85) after recent bear-leg from 111.56 (10 Apr high) found footstep just above 108.00 round-figure support.Near-term action is directionless and entrenched within 108.30/109.20 range, as studies on lower timeframes are neutral.Larger picture, however, shows bearish, with current consolidation seen as a pause of larger downtrend which eyes initial target at 107.84 (Fibo 61.8% of larger 101.17/118.65 rally) and may extend further down on break of the latter.Limited upside is seen for now, with falling 10SMA (currently at 109.33) reinforcing initial 109.20 barrier and extended upticks expected to hold below daily Tenkan-sen (currently at 109.84) and former lows at 110.10.

Res: 109.20; 109.33; 109.84; 110.10Sup: 108.70; 108.30; 108.11; 107.84