USD/JPY Asia Price Forecast: The greenback ticks down, trades above 108.00 figure

USD/JPY consolidates gains above the 108.00 figure.
The level to beat for buyers is the 109.50 resistance.

Flavio Tosti Independent Analyst

USD/JPY daily chart

USD/JPY is trading above the 200 SMA on the daily chart as the quote is trying to stabilize above the 107.00 level amidst better market mood.

USD/JPY four-hour chart

USD/JPY bull trend stays intact as the spot trades above the 108.00 handle and the 50/200 SMAs on the four chart. Bulls are likely looking for a break above the 108.70 resistance which would open the doors to the 109.50 and 111.00 levels on the way up. Support can emerge near 108.00 and 107.00 price levels.

Additional key levels

USD/JPY

Overview
Today last price	108.47
Today Daily Change	-0.36
Today Daily Change %	-0.33
Today daily open	108.83

Trends
Daily SMA20	108.65
Daily SMA50	108.76
Daily SMA100	108.98
Daily SMA200	108.35

Levels
Previous Daily High	109.1
Previous Daily Low	108.51
Previous Weekly High	108.73
Previous Weekly Low	106.92
Previous Monthly High	111.72
Previous Monthly Low	101.18
Daily Fibonacci 38.2%	108.88
Daily Fibonacci 61.8%	108.73
Daily Pivot Point S1	108.53
Daily Pivot Point S2	108.22
Daily Pivot Point S3	107.93
Daily Pivot Point R1	109.12
Daily Pivot Point R2	109.41
Daily Pivot Point R3	109.72

Author

Flavio Tosti

Independent Analyst

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