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.
 

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

 

 

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