FXStreet (Córdoba) - USD/JPY has fallen for three consecutive days, briefly sliding below the 119.00 level, with the yen as the main exception among currencies accomplishing gains versus the dollar. USD/JPY bottomed out at 118.78 on Tuesday, although it managed to hold above previous session low of 118.69. The pair has entered a consolidation phase over the last hours amid relatively subdued trade, and it was last trading at 119.00, still 0.36% below its opening price USD/JPY technical levels As for technical levels, immediate supports are seen at 118.69 (Jan 4 low), 118.05 (Oct 15 low) and 117.16 (Feb 6 2015 low). On the other hand, resistances could be encountered at 119.69 (Jan 5 high), 120.34 (10-day SMA) and 121.10 (20- and 100-day SMA). For more information, read our latest forex news.