USD/JPY Asia Price Forecast: Greenback trades off the May’s highs vs. Japanese yen

USD/JPY is retracing slightly from the May’s highs.
The level to beat for bulls is the 107.75 resistance.

Flavio Tosti Independent Analyst

USD/JPY four-hour chart

USD/JPY is trading off the May’s highs above the 100 and 200 SMAs on the four-hour chart. Bulls want a continuation up of the movement started earlier in the month, possibly eyeing a break above the 107.75 resistance en route towards the 108.00 figure. However, a daily close below the 107.40 could be seen as negative for USD/JPY with bears then looking at the 107.00 figure level.

Additional key levels

USD/JPY

Overview
Today last price	107.62
Today Daily Change	-0.10
Today Daily Change %	-0.09
Today daily open	107.72

Trends
Daily SMA20	107.17
Daily SMA50	107.92
Daily SMA100	108.4
Daily SMA200	108.33

Levels
Previous Daily High	107.95
Previous Daily Low	107.37
Previous Weekly High	108.09
Previous Weekly Low	107.04
Previous Monthly High	109.38
Previous Monthly Low	106.36
Daily Fibonacci 38.2%	107.73
Daily Fibonacci 61.8%	107.59
Daily Pivot Point S1	107.41
Daily Pivot Point S2	107.1
Daily Pivot Point S3	106.83
Daily Pivot Point R1	107.99
Daily Pivot Point R2	108.26
Daily Pivot Point R3	108.57

Author

Flavio Tosti

Independent Analyst

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