USD/JPY Asia Price Forecast: Greenback stabilizes below the 110.00 figure

  • USD/JPY is challenging the 109.85 resistance. 
  • The rising wedge formation can limit the bullish pressure.  

USD/JPY daily chart

USD/JPY eased below the 110.00 figure while trading above its main daily simple moving averages (SMAs). The spot is still hovering near the 2020 highs. 

USD/JPY four-hour chart

USD/JPY broke below a rising wedge pattern while above the main SMAs. The spot is challenging the 109.85 resistance as bulls want to break above the level to revisit the 110.10 level. On the flip side, bears are eyeing a break below the 109.65/53 support zone to drop the market towards the 109.20 level, according to the Technical Confluences Indicator.  

Additional key levels


Today last price 109.81
Today Daily Change -0.26
Today Daily Change % -0.24
Today daily open 110.07
Daily SMA20 109.53
Daily SMA50 109.3
Daily SMA100 108.9
Daily SMA200 108.38
Previous Daily High 110.14
Previous Daily Low 109.77
Previous Weekly High 110.02
Previous Weekly Low 108.32
Previous Monthly High 110.29
Previous Monthly Low 107.65
Daily Fibonacci 38.2% 110
Daily Fibonacci 61.8% 109.91
Daily Pivot Point S1 109.85
Daily Pivot Point S2 109.63
Daily Pivot Point S3 109.48
Daily Pivot Point R1 110.22
Daily Pivot Point R2 110.36
Daily Pivot Point R3 110.58



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